However, other park operators have done well by rehabbing older homes (assuming the needed repairs are less than $15,000)...in the end, shelter is shelter—especially with the shortage of affordable housing that is available. 

@Ibn Abney, Thank you, your input is very much appreciated, it seems that this one is a bit of a less traveled road at the moment, judging from the lack of information available... 

Hi there! This will be my first time purchasing a rental property. I live in upstate NY where there are several towns close to each other that exhibit great potential for an investment. This cluster of towns seem viab...

All the information, and often required forms, are available on line.

A landlord may not:(1) charge an applicant a screening fee when the landlord knows or should have known that no rental unit is available at that time or will be available within a reasonable future time;(2) collect or hold an applicant screening fee without giving the applicant a written receipt for the fee, which may be incorporated into the application form, upon request of the applicant; or(3) use, cash, or deposit an applicant screening fee until all prior applicants have either been screened and rejected, or offered the unit and declined to enter into a rental agreement.Subd. 2.Return of applicant screening fee.

Ive been meaning to do a blog post on that, or throw the info on my website, but I havnt had time to get to doing it.In DC the regulations are basically the basement unit needs a seperate electric meter, 7 foot ceiling height on 70% of the basement, an egress window, and front and rear doors, only available to owner occupants. 

I have chosen these windows almost purely on cost and availability from the home store I frequent.The first deal was sold as a flip, so long term reliability wasn't that high on the list.

Since you're new to investing, go slow.1) identify how much time you can devote to investing2) based on nu. 1, determine whether you want to be active investor or passive one3) based on the conclusion in nu. 2, look into options available for either passive or active investors.I have a library of books.

Multi-Family apartment dwellings are historically some of the best real estate investments available.

Both delinquency rates are below or around historical averages...Availability bias can distort reality.