Account Closed, I would love to connect at your earliest convenience. 

I personally like the convenience of letting someone else deal with everything, well worth the money to me.

May be it depends how the properties are located from the privacy and convenience aspect for two different owners?

if down the line the condo market in this area picked up".That sounds like a big gamble, right there.

where were you when about 200 plus families in La I had to foreclose on and take their investment property from them.. its a nightmare I am not saying no debt its not realistic until you get to a certain level but having free and clear assets is a choice and no one can take them from you..I am a gambler anyway I gamble on appreciation every day.. and value add..so maybe I am not the best to have this argument with.but when I look at the truly wealthy friends I have and I mean truly wealthy  not 7 figures but 8 figure to 9 figure net worths most of what they have is paid for it not all.. unless they are in big syndicated deals.. houses are paid for second houses... house s at the ski areas the lake front homes.. etc etc.. but I guess I am just more in the limit debt camp for long term liabilities..

The other assumption or gamble here is over time the property will appreciate and rents will increase to a point where I no longer am losing on the investment.

Too much speculation, it sounds more like a gamble than an investment.

The more this gets discussed the more my gut is telling me to find another park for sale but this one is like 10 minutes from my house and would be convenient to handle the day to day operations.

They have great customer service and their online banking is extremely convenient.

I'd rather rent a property to someone that's highly qualified than gamble on someone with poor credit performance.