@Aaron L. - Welcome to BP and the addicting world of real estate! 

@Brandon L. thanks for the link, great advice for the agent search.

I am not sure, but I think that's a bad plan. l don't think lenders are allowed to have recourse on retirement accounts.

If an appraisal was 50k/ unit what did the P&L say that is what should give the appraiser the final value. 

The amount I'd have to charge to make it worth it would sink their P/L. 

This brings my to my current plan which any feedback would be greatly appreciated. l could buy a piece of property in between the two locations and rent tiny houses to the students with a recreational building located on the property.

Welcome to BiggerPockets Justin L.

I figure this is likely the commercial space value and I could probably add $50/month on lot rent, or trailer rent on the non month to month trailers (all but one).I'm trying to learn commercial quickly, but I still don't know all the right questions, or what documents to request, or what things I don't know to ask that will bite me (are septic systems legal, violations, etc)I would appreciate any feedback on any aspect of this deal, from my financing assumptions, cap rate, reasons I want to like it, office rental income, etc.The numbers I used are from the P&L they provided, and seem really high. 

@Taylor L.

I reached out to the agent for more pictures and a P&L.