It is a college town but much different than other standard college towns, ask me how IK lol.

Banks are very familiar with mobile home parks and how to structure loans.The top sources of mobile home park lending are:1) Seller financing by the moms and pops.2) Bank loans (typically smaller banks in the town the park is located in).3) CMBS Conduit lenders (on deals where the loan is $1 million and more).4) Fannie Mae/Freddie Mac "agency" debt (on loans of $2 million and more).You rarely hear of a mobile home park deal that can't get financing today because banks love the industry and it's incredibly small default rates.

But just a few hours north there are small cities and rural towns where it is really cheap to buy and rents are high enough to make good cash flow.

I live in a town of 32,000 people in North Central Iowa.

start by driving around areas in your town you would want to invest. find houses that look like they need work (bad roof, bad siding, long grass, etc) and look them up on the tax assessor website. try to get in touch with them (facebook, google, etc) and see if they want to sell. research rents and comps in the area and make sure your purchase price and after repair value will work as a cash flowing property. this is the cheapest and easiest way to start.

It wasn't much, but enough to get their attention at the right time. 2021 Q1 housing was crazy at this time, so anything less than asking would get declined in our small town.

I'm looking at a house hack in my own town with 5% down and hoping to have the same or similar results!

You really, really have to know these college towns well!

We are out of town and don't know anything about this area (only through research).

It's sick and twisted.I would just like to have the government house those who are forever homeless AWAY from the towns, out in the country paid for by the taxpayers for the benefit of the taxpayers.Giving them a 'Hand Up" works for the short-term homeless people (those who have experienced some misfortune but can get back to normal with some help) but it seems like a large swath of them need to be "cared for" indoors by the government.If that is sick, twisted or smug, then so be it, but living outdoors on city streets will not cure their drug behavior or their mental illness either.There are two separate issues here:[1] "America" has a homeless problem.[2] The Homeless have drug problems and mental health issues.I am focusing on issue [1], you are focusing on issue [2].Just my 2 cents.