Do your due diligence and then trust your numbers and pull the trigger.Get out of education mode and get into investment mode as soon as you can.

Location is fairly good, land is on a major rd and the back part of it connects to an established neighborhood with older brick SFR’s All units a tenant owned, utilities aren’t included and overall condition of the park is on the low end.

From what I can tell, the land tracts that were picked in most states aren't exactly "war zones"

A lot of it is educating the renters to know they have options to book direct and avoid the fees.

There aren't many renters in the area, and while we all know many great renters that would give you the shirt off their backs, there is a negative stereotype about renters that exists.While there is nothing they can do legally, I like my neighbors, want to have a good relationship with them (they have my number, and would likely text me if the renters are causing havoc, for both their benefit and mine).Have any of you experienced this, or have any tips on how to "break" the news?

The "little" HOAs usually aren't concerned if your tenant lets the grass get long for a couple of weeks and they don't make you get pre-approval on color selection for your front door.

If they have been paying their rent, and there aren't any expenses related to poor upkeep of the home on the tenants part, then I wouldn't be too worried.  

In the city of LA you aren't getting a good cap rate generally unless if you are buying significantly below market value.

So far, I have gotten a pre-approval for a $260,000 loan and started educating myself on many of the different options.

You can also look for local meet ups or other meetings where a custodian is providing an educational presentation.It is a complicated topic at first, so get educated before pulling the trigger.Jaime