Tenant quality is extremely low.Expenses on POHs will generally eat up 100% of the home rental fee long term, maintaining the community will run 30% - 40% of your lot rent fees.

You may be the one eating up that special value, as opposed to it commanding a higher rent.Just a couple of thoughts I have looking at that deal, which would give me pause.

. - if you put 50:50 on male vs female tenants, they tend to be more cleaner - separate bathroom for Men and Women- shared Laundry and shared kitchen with eating space- $500k liability insurance from each tenant upon move in- very detailed house rules added as a clause on rental agreementi do have my day time job and rental side is not treated as full time job for me.

There is a creek that runs the boundary of the property in the back, and green space across the street.

BX with metal boxes, and the 6" green ground strap.New electrical code steps up requirements to Arc Fault outlets at certain locations.GFCI outlets at each location need to be wired a certain way to function correctly if they are in line on the same circuit.The best advice you got was to reach out to the local inspector (building, electrical) and ask them.

This seems to be the prevailing ideology behind @David Greene to build your team first and let them bring the deals to you.

What if......Your "guru" eats his own cooking and takes downside risk in his students' deals? 

I loved the choices individually but gray is a depressing color and you almost need bright orange or neon green accents to perk it up if you have too much.

My wife and I have been slowly but surely acquiring some properties over the past several years. And I'll be the first to tell you we have next to no real education on the matter. We just kind of picked up the places ...

We all need to eat and pay bills today, so there is a lot to be said for cash in hand.I'm personally several years into liquidating my own SD-IRAs and moving the proceeds to High Cash Value Life Insurance. 1.