From the exercise I'm also building a habit to do due diligence coz it's the BIGGEST mistake a newbie can make in my opinion. to get better understanding and give me confidence for out-of-state investment so I don't regret it.More thoughts on your suggestions: Don't buy in the roughest neighborhood in the urban core.

My question is - Would I be making a mistake investing when there are so many single family homes for rent?

I learned 10 times more from my first property than any book, article, podcast could have every taught me.Start with something manageable and learn from all the mistakes you make. 

this is a common mistake many make.. if things are bad and you have devaluation of real estate in a specific market then you also will have rentals that are stressed.. again market specific not all areas for sure.. but some areas you can get really hurt thinking that rents never stop.. 

I deffinatley will say, no matter where you get your deal from, always verify because even the best of the best miss things and make mistakes!

Here are some:Books: Mobile Home Park 10/20 Investment System by Dave Reynolds, Frank Rolfe Mobile Home Wealth Part 2: How to Become Even Wealthier investing in Mobile Home Parks by Zalman Velvet, Stuart Silver The New Investor's Guide to Owning A Mobile Home Park by Laura Cochran, Erin Cochran The 21 Biggest Mistakes Investors Make When Purchasing Their First Park and How To Avoid Them by Charles DeHart and Kevin Bupp (available for free from www.mobilehomeparkacademy.com)Podcasts: The Mobile Home Park Investing Podcast with Kevin Bupp and Charles DeHart Mobile Home Park Investors with Jefferson Lilly & Brad Johnson Mobile Home Park Mastery with Frank Rolfe Websites/Blogs: Park Street Partners - http://parkstreetpartners.com - This is the investment firm run by Jefferson Lilly and Brad Johnson.

After requesting a payoff, the lender said that they still need us to pay it back as it was only released from HUD and not them and they they made a mistake in filing it with HUD.

However, I have also found one problem though: financing.This was my mistake, but I contacted Quicken initially to get an idea of what I could afford. 

We know that was a mistake, and now we can not get in touch with her.

I did not intend for everyone to think that I meant wait for another Great Depression or 2008 :) My mistake.