He told me he owned a few mobile home parks in town (they were large and had high lot fees) and this is what sparked my curiosity.

So I am looking forward to seeing a consolidation in viewership and would like to see a lot of traffic pushed back to YouTube.How do you feel about this?

This gives me legal protection as well as tax deductions. 

.• This balloon payment will be paid through a cash-out refinance of an investment property valued at $198,000.7.

So I'm a fan of buying in the path of progress from here since it's starting to expand outwards into cheaper neighborhoods.

Real estate investing has been a passion of mine for time with my mother also having invested early on where I likely have gotten the love and desire to follow similar foot steps.I have taken last 6 months to educate myself and currently own a single family home as primary residence and would like to expand to multi family properties (2-4 units) for additional stream of income, not to mention potential tax benefits for long-term investing.Based on current living situation, I have a fair amount of equity established in my primary residency along with having enough cash to either pay off house completely or use towards investing in a multi family property.Given that I'm the sole source of income for our household with my wife being the home maker for our two kids under 2, trying to weigh out risks with getting started now or perhaps waiting. 

Does this approach seem reasonable, or am I undervaluing the property?

As others have stated, you have not provided enough information to determine whether this is a good deal or not.

The area is expanding rapidly and I could see this property really going up in value as there is a very limited amount of buildable space between the mountains and the ocean, so I see this as a great investment and I would love to keep it.

Additionally, how many calls does it typically take you to successfully close a deal using this approach?