Full disclosure my company is one of the larger property managers in the area but there are a few others that I have had positive experiences with that can share for your research if you would like.The best strategy will be the one that matches your skill level, resources and tolerance for risk.

The parks were tolerated but now counties and cities want to get rid of them.

The least costly sod from HomeDepot is 400 square feet for $288 or $0.72 a square foot which works out to $4860.I don't yet know the cost for either seed or drought tolerant landscaping. 

Also, several of the questions depend on personal preference and risk tolerance of the investor. - Josh

If most or all of the following apply, you might want to seriously consider financing that next big depreciating purchase:You have a high tolerance for risk and are able to take on significant leverage. 

It is simply up to each person's tolerance to risk to decide how much exposure is too much, and therefore the need for subsequent properties to be placed into a new LLC.  

(low maintenance, drought tolerant, durable, does not attract bugs, less likely to be damaged by digging, and is not easy to steal or throw!)

Hi Katy,This probably comes down to your tolerance for risk, because anyone here will likely say there is not a ton of meat on that bone.

But then, it comes down to your risk tolerance.

If my plan works out and the returns come along, I'll leverage myself since I'm young and have a higher tolerance and propensity for risk.