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I own a 30-unit community and found it much easier and more cost effective than the 1-4 family and flips that I was doing before that acquisition. 

When they create costs they have to cover those costs.

If the floating rate debt starts costing too much and there is no capital to replace a rate cap, reserves run out.  

Until 2018, when it was closed due to low revenue and high maintenance costs 2.

Been thinking about investing in one of these sites, but want to hear which other wholesalers have had more success with and which offers the most benefits versus the cost.

Calculate how much more in interest, lost profits, etc it will cost you to have this “blip” on your credit report.  

Paying a bit more might be justified if the pro forma income is very achievable, but $360,000 seems too high unless renovations are already complete.Factor in the costs and timeline for completing renovations for the studio and the fifth park-owned home.

Reserves: Do you have enough cash reserves to handle unexpected costs or delays in refinancing?

You'll learn a lot just from starting out like that with little to no experience at all (cosmetic renovation cost, managing current tenants, leasing out a unit).