Biggest mistake I made initially was buying a home for 130k - it's a good home but there's only a small pool of tenants who can afford the rent I'm looking for.If you're thinking of buying a rental for cash flow purposes, please don't spend more than 80-90k on you first single family home - I promise you will cash flow much better and have a much larger group of (perfectly fine) tenants to choose from.I also don't recommend buying a home for less than 50-60k, as that will just cause too much tenant drama/repair headaches.

The most common use is to sell a number of smaller assets and exchange into a larger asset that produces more cash flow, better efficiencies, etc. 

Maintenance expense are often higher and take a much larger percent of your income than with a middle income home.

Of course we do have the larger capitol expense of the total rehab of each unit.

That likely costs the same for a small park as it does for a larger one.The biggest challenge you face is the size, it is small.  

Join a larger brokerage where there are also lots of new agents.  

You could stretch the numbers a bit in trying to get a couple of duplexes or putting the $200k down on a larger complex

Its an interesting trend the Rubs programs in multifamily is including more and more  Trash, Water, common area energy, vacancy recovery. 

@Corey BallantyneIf you are planning to pool money from different investors to purchase real-estate, then you could form a company with 3-4 shareowners and have the company purchase the property - if you are dealing with residential properties you all owners will likely be asked to guarantee the financing.If you are looking to collect monies from a larger group, then you are essentially creating a fund (like a REIT) and should consult with a securities attorney to help you understand the process and costs before you launch yourself down that road.   

I always thought of syndication as much larger transactions on big multifamilies.