I may at somepoint consider utilities like energy and water, and how I can become more self sustaining, purchasing stocks is one way I can make my money back, or obtain ownership in what I am spending on in terms of utilities. 

So I want purchase it as my first rental property it's going to need rennovations for sure not terrible shape just older rancher home.

Here is the wholesale rate range at 85% loan to value.  300K purchase price using Jacksonville as the property's city. 

This sounds like a home run and a great first purchase!!

Has anyone ever purchased a property from Omni Key realty in North Texas?

@Kyle LipkoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

You also will want to stick to on market properties at first because the purchase process and evaluation process (namely title and inspections) will be more defined.

Hopefully, you find it helpful and qualifies us to assist you with your goals:)---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

The best option would likely be a construction loan, which can cover both the purchase of the land and the build.

Have you always invested in owning the parks, or have you purchased some individual mobile homes in parks you haven't owned also?