Continue acquiring properties in promising markets to build your portfolio while keeping an eye on interest rates to potentially refinance your high-interest loan for better cash flow.Save capital to maintain liquidity, allowing you to act quickly when market conditions improve or unexpected expenses arise.

This gives me a good little pushFrom what i've heard, the biggest regret on people's death beds are "I wish I would have" rather than "I wish I hadn't"Mistakes will happen, learn from them and continue to improve.

Keep your budget in mind for quality improvements, check local regulations and manage pricing.

You mentioned the rents were below market rate...if you do the improvements/repairs needed, how sure are you that you could increase the rents? 

On Buy & Hold: They must have at least six months’ worth of operating expenses in addition to downpayment if financing, closing costs and improvement funds if they are upgrading the property.

And there may be somewhat of a combination of site improvements included (sewer/septic, water service, etc, to the MH sites).Then the income approach would be looking at the cap rates, as Roger mentioned.

Anything the HOA can do in terms capital improvements to lower the rate?

this is a toughie. hard money specifically is equity-driven, meaning they'll likely want 40%+ down to even entertain the deal. additionally, land without improvements is often very inexpensive (relative to land with improvements), usually pushing below a threshold which makes sense for a hard money lender. if you're not intending to build right away, then i think you'll have the best luck with private money instead of hard money. usually higher leverages than hard money, and more negotiable terms.if you are intending to build on it pretty right away, a ground-up construction loan could work, but those will typically require some ground-up construction experience (on title on other ground-up deals), or an extensive portfolio of heavy rehabs/ rentals/ strong liquidity. those will give you acquisition monies (to buy the land) and build monies (to build the improvements).

What has the current administration done over the past 4 years to improve things in this country?

And while it's all coming together, I saw a lot of things that I liked - job growth, planning and development, infrastructure improvements etc.