I will say that during that time, the HELOC interest rates were very low.  

Assuming a 40% expense ratio, the net operating income at the current income level would be around $19,440 annually and $28,800 after renovations.At a $360,000 asking price, the cap rate based on current NOI would be 5.4%, which is low for a park with park-owned homes and required renovations.

What's the cash-flow after expenses?

I rented a furnished home in Las Vegas, NV, to a fully screened tenant.  I used the standard Nevada Residential Lease Agreement from the Greater Las Vegas Association of Realtors. I had to add an addendum for the home...

north of Tampa is an interesting area (about an hour or two) and there are a lot of low end places. 

Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...

1) Holding Costs add up quickly
- Loan I...

- If so, 1031 into something bigger and easier to manage and then when you pass, the inheritor receives your property(s) at a stepped up basis - subject to Inheritance Tax limits.Otherwise, sell one every 1-5 years when you need the cash, so you can plan expenses to offset capital gains.

@Bonnie Low  How does baselane handle credit card transactions?

You'll have to look at the income and expenses to predict whether your cash flow will improve.

So my limited experience with a new build did not yield cap ex expenses with what you are proposing.