Then, if you can trend over time you'll want to see where the "path of progress" is going/moving and attempt to buy in that path of progress to gain some appreciation in the future.

The bottom line is this: Concealment is not asset protection, proper (time consuming and expensive, I know) management, and good, prudent, practices (ditto), WHICH ARE ADHERED TO, and insurance (expensive), are needed for asset protection.

Must be only one at a time, right?

I think with the time you’ll spend working on this, you could find 2-3 existing parks to buy in the meantime and not need to take anywhere near the same risk  

I worked in property management in a apartment complex and our maintenance team switched out the locks every time a tenant moved out. 

I learned too late, you still have time. 

Either way I'll find a deal... it's just a matter of time. 

If you want to buy in capital hill and this is a way to afford something you otherwise can’t go for it, thing getting a nice car and ubering part time to pay for it.

@Joe MichaelsI believe the new cap ex starts a 27.5 year clock at the time of repairs.

The seller is open to seller financing, which presents an incredible opportunity to grow without traditional bank financing.