I have actually changed directions with my investing since I posted that a year ago.

The rates are great, but you definitely have to work with someone that knows what they are doing...

Regarding the HOA and CC&R's, the builder can make changes to the CC&R's pretty easily while the development is under Declarant Control.

✅ Interest rates you're comfortable with?

Good occupancy and solid CAP rate.

Reason is a Heloc generally carries a higher rate on a shorter term and "Can Never" be used as an "Asset, or for PITI reserves" which are both required when you buy an investment property. 

If you can get a big 4-5 BR house with a view for a under a million bucks, i'm pretty confident you can cash flow it with a good return, even in a 6%-7% interest rate environment. 

Over the years, the lot rents for parks nationwide has increased at a faster rate.

Helps me reflect on the day and see what needs to change in that

While I have a fantastic rate, the co-owner's giving me the option to refinance or he'll force a sale.