Also make sure to have owners add you to their property insurance policies, so you have liability protection. 

Needs an owner-operator to manage. 

Obviously the HOA is keeping values in this neighborhood down because an owner would have a mortgage plus another $715/mo for the HOA, which only covers use to a community center but nothing else.Besides holding costs, is there anything else I should be concerned with for a flip on a land lease? 

LDs assist both the GC and owner.

.- Focus on Landlord-Friendly States: Oklahoma is a great example, with straightforward eviction processes and laws protecting property owners.- Stick to B and C+ Areas: These neighborhoods balance affordability and tenant quality, minimizing risk.- Analyze Properties Remotely: Use tools like BiggerPockets calculators to evaluate deals.

I have also utilized owner financing for longer periods of time, including personal residence and 2 barrier island houses on the coast of Florida.  

FHA loans may allow for lower down payments if the property will be owner-occupied.Owner Financing or Creative Offers:Explore properties where sellers are open to owner financing or lease-to-own agreements.

I've decided to stabilize it and pay down the mortgage for a while and reassess in the future what my plan is. 

I finally decided to look elsewhere.  

Someone just put in an offer. lol Now, I have to decide to hold or sell after a counter.