You could be a private investor for a house flipper, but then you would be the bank and I am not sure how that would sit with your faith.I would park the money in index funds if you can't do syndications just because you are restricting the possible use of your money in real estate.

But park anywhere near the Superdome and your car's windows will be smashed or you will be carjacked and possibly killed.

They usually have the expectation that students should be respectful, not park in the yard, have loud parties, etc. 

By the way, the park is in Silsbee, TX and the house will be moved to another property in Silsbee.   

Interesting discussion about national rent control here- Why Rent Control and Housing Subsidies Backfire: James Burlinghttps://link.theepochtimes.com/mkt_app/epochtv/why-rent-control-and-housing-subsidies-backfire-james-burling-5732950?

For non-primary residences, they have to follow all of the following rules to receive a permit: - the property must be a minimum of one (1) acre in size (designed as a precaution to disturbances)- The building standards of the underlying zone district must be met - Adequate parking is provided - Defensible Space requirements are met - Valid water and sanitation must be demonstrated - No more than five (5) bedrooms are in the dwelling As time goes on, they continue to become more strict on the rules listed above here, and are actively regulating it.

My only fear is that they are trying to encompass any type of real estate whether it be trailer park, self storage, or long term rental.

Maybe someone else could chime in, but for my area, 2.15 acres might be a very small park? 

I'm currently wholesaling in rough areas.Example -S ChicagoCollege Park (Atlanta) Orange Mound (Memphis) What are some other areas weshould look in?

things missing in your list (everyone manages differently, so take it with a grain of salt)Vacancy rateTurn overbad debt legal fees (evictions as needed)accounting fees for professional tax prepmaintenanceProperty TaxesSales Tax on PM fees (In NM, this is charged, not sure about where you are)Reserves for replacement CAPEX - furnace, water heaters, ac, roof, parking lot, etc.Admin, software, advertising, etc.Cost segregation study for accelerated depreciation captureAs for your loan.