If you have $100,000 in your brokerage account to borrow against, why not just use the money and secure a traditional loan, versus gambling with an unknown and variable future rate?

It's the same reason people gamble.

Or keep them and fix them up but, you are right it may be gamble because, everything may be fine after it is fixed, or it may be other expenses that come up.

They are zoning and land use regulations, accessibility, environmental factors, market analysis, topography and terrain, utilities and services, neighbourhood characteristics, restrictions and opportunities, development feasibility, financial analysis etcetera.

I would highly recommend bringing in an advisor or broker with specific experience and knowledge in this asset class.I have seen many of these parks trade hands on a handshake and a dream, however, you could be taking a huge gamble if you don't get microscopic on the front end.

Rental property characteristics can vary dramatically from street to street. 

If they gave you the runaround and then we’re honest with you that’s a different story but they gambled by being honest with you knowing they might not be able to move in Because they have changed in their hearts and are no longer willing to deceive anyone.

I don't know that I would gamble and say you could sell it if it doesn't work out, you could be holding it for some time.

Which is not true and riskier to only gamble on appreciation I think.

I've lost money on deals that I took a gamble - Detroit homes with more taxes owed than the value of the property, and I've made money.What else can I tell you?