We are less than 5 minutes from Silver Dollar City (themed amusement park), which is a huge attraction in the area. 

Plenty of parking above the house on a gravel lot4.

I'm considering mobile homes since there are quite a few parks around this area.

Josh,Well except for the 4 items you mentioned, then it's a walk in the park....

It includes a 3-bedroom, 1-bathroom ranch house along with a private street hosting a small mobile home park with 5 units. 

We've decided to take our aesthetic to Dallas, for several reasons both business and personal but we're excited for this next chapter of building.Outside of real estate, we like to take our dogs to the beach/park, try new foods and sharpen our RE skills.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

The main challenge with some of these are the dimensions of your lot and configuring the site to allow the minimum stacking of vechicles.Depending on your use, a 5000 sq ft building may be tough to fit in this size lot when looking at how much parking you want/need, building setbacks, landscaping setbacks etc.   

Many of the evictions I have experience with were on the KS side in Overland park, but I am going to keep trying to find out if this is accurate.  

I threw @Jameson Sullivan a softball pitch about what to watch out for when the cap rate is that good, and he knocked it out of the park.