@Dustin, if you are looking for passive investments but want to benefit from scale, you may also want to look into DSTs and the new " Opportunity Zone Funds ". 

I like the opportunity because it is already generating small cash flows each month from the rent and is located within 5 minutes walk from the green line and 290.

Pittsburgh is a great place for those looking at cash flow opportunities in a city that often offers a better buy-in than many other markets. 

The bigger cost is opportunity cost.

I had an opportunity pop up recently that involved owner financing.

Hi BP Community, I have an opportunity to purchase my grandmother's home in a very nice Nashville neighborhood.

I have the opportunity to buy a small 3/2 SFR in a B+ neighborhood actually just down the street from my own house the Indianapolis area.

Things to consider: Job Growth, School Systems, and Appreciation opportunities.  

agreed with @Neil Schoepp that this is a very low cap rate for a smaller park like this, and the typical industry norm is a 3 point spread to help when interest rise, all of your other metrics for investing....cap rates, cash on cash return, IRR will still work with the investment if you go to refinance etc.With a smaller park like this and lot rents around $200...your going to want to not pay for too much upside(at least for me)...Smaller parks can be a good opportunity for operators and if bought right, they can be a great options to your portfolio. 

Your losses annually in the opportunity value of your equity is probably in the range of $8K per year.