I also served two periods of active duty, had a baby and broke my back.2012: I travel to LA to ask "SW" to relinquish the case.

The seller has owner-financed the six mobile homes to the current tenants, and has included the notes in his inflated asking price of $189,900.The duplex is rented ($500 + $565) $1065Six lots rented ($250mo each) $1500Payments received on trailer sales $1500mo ($50k outstanding)Does this raise any flags?

The further out you go the better the numbers look, but it also means further to travel to service a property (especially if you plan on rehabing it yourself - which i would).

I been traveling extensively to Buena park and staying in hotels.

When I moved I sold it and actually made over $3,000, then I used that to put money down on land and another trailer again instead of paying someone else rent but this time no lot rent.

Any problems with the properties or managers I've always been able to fix via phone calls and not had to travel there.

To rsvp go to http://www.meetup.com/Henderson-Real-Estate-Investor-Meetup-Group/Hope to see a bunch of you local and traveling BPers there.

A SFR market emerges that looks like this: crappy houses that can command a high rental price by packing students in, often in illegal structures, basements, converted garages, trailers, vans, tents, whatever.

I am an entrepreneur and business-minded so I actually spent my time last year traveling the states (San Francisco, Los Angeles, Sacramento, Seattle, Las Vegas, Austin, Chicago, New York) while promoting a clothing line I launched.

If it is filled with stress and travel I do not recommend owning little house with renters.