I'd like to investigate manufacture homes and multifamily.For about a month and a half I've been mailing to notice of default lists and so far haven't made a deal, and I'll admit it's a little frustrating (obviously, this isn't a very good get rich quick scheme), but it's giving us a lot of exposure to a lot of things.  

I also agree that "bad areas" can be profitable as long as the tenants are properly investigated, credit, background etc.

My wife and I have started investigating rental properties and house flipping as a way to build wealth and leave a legacy for our children. 

I would investigate if someone is on this thread is actively looking in SM to invest.

Have fun investigating and investing.

I spent the past 5 years investigating fraud related to real estate for the State of Ohio.

So I suppose the key is to be more active and obviously investigate someone's track record.

If that % is over 2% then the property is worth investigating.

Note that my attorney believes the NC Banking Commission would rule this way, your state may have other regulatory and case history that your closing attorney can investigate.

I'm working with someone now to investigate options and I should have those today.