Again, the key here looking for properties that need work so you have a better crack at cash flow. 

In order to defer all tax you must purchase at least as much real estate as you sold. 

You definitely bring up good points that I will need to investigate.  

In order to have this approved as a 3rd unit we will need the city to come out with a building inspector - who will outline everything we need to get this approved.

You could convert them to a DSCR loan but then transfer them to a LLCWhat we have done is save for down payments and renovation costs, - buy properties that need work rehab them and then refinance them out making sure it meets our dti.

Probably not enough the IRA to own real estate given reserves needed and such.

I have all three kinds of parks- LT RV, POH and TOH so can help with repair estimates but so much depends on location and access to reliable repair services. 

@Bryan HartlenManaging low-end properties can be demanding due to higher tenant turnover, increased maintenance needs, and frequent rent collection issues.

Also, coming from running a business just think of RE as a business (which it is), the numbers have to work and your investments need to fit into the big picture.

We also have programs that can close in 3 days or less if you need speed.