My recommendation is to save money through your W2 until you not only have enough for a down payment but a reserve for repairs as well.

We use Metron water meters for our mobile home parks, and would recommend them.

It's essential for me to acquire these skills as I navigate potential roles in the real estate industry.If you have any insights, recommendations, or perhaps know of specific training programs or resources for learning Yardi, I would greatly appreciate your guidance.

The priority is consistent recommendations from active investors. 

And of course it goes without saying that any deal of this kind would involve an experienced real estate attorney--especially one that is "great" 😉Thank you for the insight, which is both practical and encouraging!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Hi MoshinSince you are in Texas, I recommend contacting Brett Chotkevys with Platinum Resort Assisted Living.

By that, I mean the contractual penalties, not the practical penalty such as loss of principal due to foreclosure of the property, dilution, and so on.Then, you must decide whether you “want to” meet this capital call.

if so - I would recommend not partnering. 

I'd say, if you can renegotiate the purchase price and get the knob and tube replaced I'd recommend it.