So, the end game really depends on your personal goals and objectives, financial plan, risk management tolerance, etc. 

My ultimate goal is to be finically free and for my wife and I to coach basketball full time and be around to coach our children too.

A shell game really, but with options.  

Hi my name is Kellen, I am a professional overseas basketball player.

We are also considering refinancing, purchasing a couple of the out of state rentals, and renting out the downtown property.Sacramento is pouring tons of money into it's downtown including a brand new basketball arena and surrounding complex.

You want to find out what is typical for the area and exceed that expectation if it's a cheap item to change.Maybe refacing the pool and adding a waterfall and updating the common area.Redoing or adding an exercise room.Making a small playground area or adding a basketball hoop or tennis court.It depends on the area but the little things will go a long way.Are rents per unit going up,declining,or staying flat in the area??

Here's the low down:168 spaces10% occupiedPark is bank ownedBank is asking $650k --they have an appraisal for this amountPark is on 20 acresThe only ammenities are a tennis court and a basketball courtLot rent is $150/monthThere is no onsite mgr, but an onsite handymanPark has 2 wells, and lot rent covers water and garbageThe bank is willing to finance, and from what I hear they turned down an offer at $410k, but my guess is they'd take something close to it.Bank is willing to offer extremely flexible termsThe park has been "cleaned up" there are no non-paying residents or vacant mobiles that need to be removed or repair work that needs to be doneThe park currently has no website and no marketing efforts behind itThe park has a bad reputation in town--but that could be changed with some improvements as well as a name change (IMO)How would you look at this opportunity?

And also consider a market that can support major sports teams that have a loyal following, like a hockey team, basketball team, football team, tourist attractions like the Rock and Roll Hall of Fame.

I played basketball at least once a week.

Think PNC Arena (Carolina Hurricanes, NCSU basketball, concerts, etc.)