If that number is less than 250  bucks a unit then it’s not a deal and not worth pursuing 

I'm new to real estate investing and I've decided that I want to pursue this as a serious career in hopes that I can one day leave my current job.

Good luck to everyone pursuing cash flow through real estate, it can be done, but it is not easy.       

RV parks are day to day accounting and if you dont have the right people in place i wouldn't pursue it.

I was already getting cold feet about the current property, but now I’m feeling really anxious to get out and pursue the other property.

I have since switched to pursuing MFH as my long-term goal, but I am eager to put my SD IRA to good work while I am researching and working with coaches on my MFH pursuit. 

Some precautions to consider:- Make sure the person who is the borrower of the underlying bank mortgage fully understands the implications  of a wrap, as well as the buyer- Consider a 5 or 10yr balloon note (vs. 30yr fixed) if you are worried that the seller may have 2nd thoughts down the road- Buyers should need to bring a significant down payment to the deal so that they have skin in the game- If your state allows a Deed of Trust for the wrap note, I suggest using that document (vs. a Mortgage) as it will put a lien on the house allow the Seller to pursue a non-judicial foreclosure if the buyer does not perform.- The home insurance after the sale (the new owner is the "insured") should retain the name of the previous owner(payor of the bank note) on the insurance as "additional insured" so as to not set off any alarms with the bank.- Use a 3rd party loan servicing company to collect all mortgage and escrow payments and make all appropriate payments to the bank lender as well as seller finance lender.   

I am not saying don’t pursue whatever you are trying to do with investing but personally pursuing knowledge as a newbie is the highest ROI you can get in my humble opinion.

If they let it go to foreclosure, As a sold out junior, lender has full rights to pursue the borrower for the entire balance so, it's best that each lienholder be reasonable but in no way does one have the upper hand over the other.

If he doesn't, you can tell him you will agree not to pursue him for damages if he gives you the ok to throw everything away.