The price point of those homes is fairly comparable to our properties in SoCal, but not the ones we'd be interested in buying here in AZ.  

Fairly bombproof compared to what I am typically buying. 

I'd like to get together and compare notes on markets, neighborhoods, etc.

Comparable sales (total of 7) came in at $132K. $5K in updates would wash profit to be equivalent to this potential wholesale profit.Potential Plan C: Rent it..

Comparable sales (total of 7) came in at $132K. $5K in updates would wash profit to be equivalent to this potential wholesale profit.Potential Plan C: Rent it..

I don't really think there's "average" or "advanced" categories, and it's not necessarily the number of deals.I don't think it's helpful to compare yourself to other people.  

While owning a properly run manufactured housing land lease community can be and normally is a cash cow when compared to other forms of commercial real estate, properly running it requires knowledge, hard work, and some intelligence. 

But I did like the taxes down there compared to here. :-)And I would agree that real estate is the best investment vehicle there is - albeit it does require quite a bit more effort than the rest though.

It works if you buy low enough compared to the properties market value. 

Hi @Michael Cutting, great questions and it sounds like you have a potentially exciting opportunity.I am going to have a slightly different opinion compared to @Rob Beland.I agree about being able to require them to sign leases.