If you really want to juice your returns, you have the freedom to respond to guests within an hour of receiving an inquiry/question/problem, you’re willing to deal with more hassles and dedicate a few extra hours a week to launch an active biz go STR.If you don’t need to maximize your COC returns and you don’t need extra hassles distracting you and interrupting you from your current work, at dinner time, etc and prefer a more passive investing vehicle then go with LTR.

Purchase price: $155,000 Cash invested: $50,000 This is a 1975 mobile home but it has fantastic potential.

Do not include retail or luxury properties.1. apartments2. homes 3. mobile homes4. condos5. properties that need to be flipped6. notes7. storage facilities 8. other (explain)

How have you guys split up utilities with no dedicated meters?

Tom covered the question but this is what I can add.I ve' been to many many A.J Billing and Cooper Auctions,  unless you dedicate yourself to attend almost all of them ( this is my guess :DD))), and wait for your lucky day, it mostly waste of time.Never seen anything that makes sense at the auctions, people even pay over market price :(

I manage mine from 4.5 hours away and would be happy to share insight, but essentially a strong housekeeper, local handyman and a working phone with mobile app capability is all I need to run our cabins.  

@Pwin Kumar, I suggest listening to one of the following podcast shows: Mobile Home Park Investing (host: Kevin Bupp and Charles Dehart), the Mobile Home Park Mastery Podcast, and, of course, BiggerPockets has a few good episodes on MHP investing.

My goal is to start off conservatively focusing on cash flow.I’ve found a mobile home deal in my hometown in TN.

There's no economic mobility for the tenant - they can't afford to pay market and there are no new units available at $550.

My goal is to start off conservatively focusing on cash flow.I’ve found a mobile home deal in my hometown in TN.