and, with interest rates high, it's very, very difficult to cash flow right now in the short term. 

But if your goal is to cashflow positive from the Day 1, you may find it very challenging due to current day interest rates, high cost of construction and the fact you won't have the efficiencies of a seasoned developer building at scale.

Some lenders even do as high as 1.3.

: I think your profit numbers are way high.  

Leveraging our market connections, we identified the property’s potential and negotiated favorable terms directly with the seller, securing it at a highly competitive price.

Rents are high and demand is high. 

He told me he owned a few mobile home parks in town (they were large and had high lot fees) and this is what sparked my curiosity.

They bought it and held it, come hell or high water.

If you have several properties or have high turnover you are better off finding a manager. 

I am seeing high 6s at 75 LTV with a 720+ score.