Having someone who has owned and operated a similar asset is worth its weight in gold. 

@Kayla Givens Do you own the houses where you operate the SL homes?

I am Texas based so may answers will skew more towards my region but I would leave to hear what are some other areas you may be paying attention to that isn't as popular as some of the main stays (Smokies, Joshua Tree, etc)Mine right now are 1.

Yes, you can ultimately own a property with little/nothing out of pocket when you're done - but when you reposition with today's rates even moderately leveraged stabilized assets can be hard to find cashflow with debt service and a realistic operating expense load.

We had to 'pierce the veil' and have an underlying partnership agreement, bank account in the partnership name rather than Land Trust name, but it did work out to open an operating account for each property.  

If I was going to buy something for my company to operate out of (70% of the property), I would then go for a 7A SBA loan.

*If your aunt was cooperative, you may have been able to form some formal operating agreement... although I am not sure how that operating agreement would hold up in your state.1.

@Marc Shin, I do BRRRRs so mine end up as rentals.

I thought that was nuts: I just paid 40k and my coaches suggested I go ask a competing program for advice.There are also a couple people in the program operating their own training for how to do asset management.

The way I was explained it was your net operating income minus depreciation yields your net income and you pay tax on that.