I think that's a great way to go about your goals; by getting some experience through a few deals and then eventually getting involved into larger ventures like mobile home parks.

That said, it can also be a nice complementary venture for your investors if structured thoughtfully.

How much effort are you willing to put into this venture will ultimately influence the yield you are trying to achieve.

Quote from @Jason Wray: I would venture it's due to companies like Continental Tire opening their $1.4Billion dollar plant, Amazon popping up several data centers including the "Last Mile"  facility amongst others. 

It's a fantastic way to maximize leverage and move quickly.Seller financing is another one I've had success with, especially when the seller is more focused on a steady cash flow than a lump sum.To add a few more to the list, I've also seen local investors:Use a HELOC for the down payment on a hard money loan to get to 100% LTV.Structure joint ventures (JVs) where one partner brings the cash (often from a SDIRA) and the other finds and manages the deal.Cross-collateralize other properties to secure the new purchase with less (or no) cash down.Especially with how competitive things have been around DFW, creativity on the financing side is what makes all the difference.

Most people don’t lose during the renovation.

My goal is to scale beyond single-family rentals and small multifamily units, and I'm eager to learn how investors break into the larger apartment complex deals—especially using other people’s money or with a low initial investment.I'm open to syndications, joint ventures (JVs), and partnership structures that allow for a lower capital outlay while maximizing potential upside.

A term that I lovingly call 'close-ability'Every lender goes through seasons where they don't communicate as well as they could, or seem to be losing momentum, or even throw out more than normal conditions (especially when hiring new Underwriters).

Good luck with the venture man.

You will be able to take full advantage of this until March of 26 (which is the last time you can claim that you have lived in the property for two out of the five years preceding the sale.You do not lose the tax-free nature of the gain during the time it is rental.