When you want to close on a house you want to work with someone that will always respond timely and that will clear through hurdles should you encounter them along the way.There are even sellers in a multiple offer scenario, possibly at the advice of their agents, that will go with an offer without RI Housing than that of RI Housing because of all the steps involved.

That is a personal mental hurdle that you must consider and weight in on in preparation.   

There was a hurdle they faced, SCALABILITY.

Bank just came back with some financing stipulations but they don't seem unreasonable.

This tenant is showing you that she is unreasonable and will be nothing but a pain in the a** going forward.

I'm sure this situation can play out, so far we have been fortunate, as far as lot rent I would pay the lot rent and then let tenants pay you back otherwise you could end up with large back lot rents you will need to do what parks want or they will force you out by making unreasonable demands for approving tenantsgood luck

I am not afraid of the work or challenge so I hope to be letting you all know about my first closed deal soon as well as my progress/hurdles along he way. 

From what I see the annual income does not support that asking price and the extra hurdle of being a LL in LA.

You'll derive the value based on the NOI and cap rate for your submarket, as opposed to neighborhood comps, etc.While your lender will focus on the property's performance, there are other personal hurdles such as net worth and liquidy requirements that need to be met for qualification.   

@Fabricio Kannenberg  I would echo @Brie Schmidt that budget might be the biggest hurdle if you expect to find something in a B class area.