@Colleen Pelliccia lavinI live in San Diego and although I do have a rental property here, and one in Phoenix, I recently decided to search the country for the "ideal" rental home market.  

I agree with the leverage option, though some consideration must be done when the loan rate is higher (for example in the Country I live in the rates are way higher than in the U.S, around 7%-10%) and the Cap Rates in the city I invest are not always greater than this.

Los Angeles is one of the most least affordable places to live in the country.  

I BRING MONEY FROM AROUND THE COUNTRY TO LOCAL MARKETPLACES INSURING THE MOST LIKELIHOOD OF CLOSING.

Now that I have had a reality check regarding my imminent departure from active duty, I need to get this show on the road and start making money instead of waiting until the day I get my separation paperwork.I look forward to networking and meeting with fellow investors, both local and across the country.

Located in the Northeast of the Country (near Texas). 

@Charles Worth  right now I see them spread all over the country to competition in any one market will be negligable.. but if one decided to concentrate on a market and they bring in cheaper capital.. they will cream the best players and deals as the flippers who are getting squeezed on profit will be looking for cheaper capital.. 

The property itself is about 2 miles "out in the country" from this small town. 3 miles from a "Super Walmart" :)23 current mobiles (100% occupancy - but room for more pads)16 are lot only7 are 'owned' by the tenant with mortgage payments to the owner.0 owned by parkI asked him to send his financials and he emailed me a scanned list of the receipts from last month.$3750 lot rental$2125 mortgage payment receipts$5875 gross rev/mo.A rough estimate of an undeveloped acre of land in the immediate area is about $5K per acre.No expense information yet, so obviously that is in my list of questions/due diligence.I know his taxes are <$800 year.Gravel roadsNew DEQ approved septic systemCounty services (not the nearby town)What are the questions I need to be asking at this initial meeting?

All things considered, if you are in a hot seller's market like much of the country, I personally would be inclined to sell now, as the market can always turn.

He lives out of the country, so our house hunt time will end very shortly when he goes back home :( Will keep at it though.