Thanks for the link. I never even knew about BFI, but I found the thread and I'm excited to read it. I started skimming some of the first 5-10 posts and I'll assume the thread will get better if it's 5 stars. The OP is doing something very similar to what I want to do, except I plan to stay entirely away from the low-income housing in rough neighborhoods that seem to be his target market. He definitely lost some credibility with me, though, when he said his primary strategy is to buy and hold, but then he says, "Potential growth and projected appreciation and stuff like that is all too esoteric for me." I understand he's focusing on positive cash flows and first quarter ROIs, but it seems a bit short-sighted to me. He started the thread by saying REI is not all about location like everyone hears, but for some people (like those who can eat large negative cash flows until the property appreciates) location is a huge part of it. So I just hope he recognizes that he has a fine strategy, but it's not the only way to real estate success. Obv a trailer park is less likely to experience demand appreciation than a beachfront home, so he doesn't have to worry about potential growth in that context. Trailer parks can be built pretty much anywhere; they stopped making beaches a long time ago. Dallas is another area where demand appreciation isn't such a big thing. In that past decade or so, our appreciation has been one of the lowest in the country. The market is stable, though, so I'm certain his strategy would work here too. I personally just don't want to deal with the extra risk associated with low income housing in dangerous neighborhoods. I admit I'd have a hard time bullying people into paying their rent on time, and I hate the idea of hiring a guard to help me pry money out of people's hands. That's not the type of landlord I aspire to be. But anyway, I'll keep reading the whole thread when I'm not at work. I'm sure I'll learn a lot.