I didn't want to cave man it because I thought there should be some sort of mechanism.Here are a couple of pics that show something...

@Greg CallanWould not do it.If it's your first deal, there are probably a lot of other variables that's missing and your ability to comp is probably going to be way too optimistic.If you knew the market and have done a few deals there and know that you'd get some sort of appreciation or that $850 comp would actually work out or that you can somehow get it to $1050...then it might be OK.But I'd underwrite it at $750 and 60-70% expenses.A 900 - 2149 - 268 would be a more conservative estimate.Depends on your risk profile and how confident you're gonna be able to be right on the dot with your first go at underwriting a deal.

What sort of due diligence did you do to make sure the HOA is healthy and there are no unexpected surprises down the road?

I am kind of (sort of -ish) going through something similar.

Welcome (sort of)  @Trevor Asay I'm also located in the PNW and have recently focused my efforts on out of state markets and working with other investors.

I need help/answersI don't have much money, but I may (for investment(s) ) be able to get private money and borrow from people I know...I want to put together the property(s)/lot(s) under some sort of minimal liability LLC or Trust, because even though I don't have much to lose...

Even if you live in one of the trailer park units, that won't make your entire investment in a commercial property tax free.I highly recommend you hire a local CPA and get them to sort this out and help you to understand it. 

Advantages of syndicationMuch higher ROI to GP: They usually invest in the deal, so the ROI based on their fees is much higher than the ROI you would receive by purchasing a 20 unit with your own capital)Ability to acquire larger propertiesCons (sort of) of syndication Higher barrier of entry: need enough experience and track record for others to trust you with their moneyMore responsibility: you are using other people's money, and not just your own capital

@Mike Krieg great idea, sort of like cold calling for deals.

So you were not “wrong” to pop in and protect the property, but it is very understandable tenant expects some sort of notice.