Being highly analytical—perhaps to my own detriment—I recognize the need for guidance and support from a mentor to help me take the next step and actually pull the trigger on my first property. 

I highly recommend a book called Foreclosures Unlocked by Matthew Tortoriello and Kevin Shippee.  

Some of the national data sites have pricing suggestions that run both high and low.

Creative financing can help sellers make more money, solve pain points, gets them the money they need, and help them avoid a high tax bill.

I'm an experienced project manager with hundreds of cradle-to-grave efforts under my belt, including building project scopes and budgets, evaluating contract proposals, and managing construction to maintain the delivery of high quality products on-time and in budget.Penny is a licensed clinical social worker (LCSW), serving the community mental health needs of parents, children and families.We both recognize we have an immense opportunity to serve our community and want to capitalize on the blessings we have been provided so that we can continue serving our neighbors.My wife, Penny, and I are looking to transition into commercial multi-family real estate in 2025.

Your situation is a little more complex than most people and I highly suggest you consult an attorney. 

Paying a bit more might be justified if the pro forma income is very achievable, but $360,000 seems too high unless renovations are already complete.Factor in the costs and timeline for completing renovations for the studio and the fifth park-owned home.

I highly recommend managing it remotely if possible.

Going into an area with little data is high risk but could be high reward. 

I wanted to share my situation and get some advice.I currently own an apartment in a highly developing area in Guaynabo, PR.