You'll want to use your skills and some creativity if you want to push yourself farther into the "profitability" side of the scale over "comfortability".  

I believe that the design of the property wouldn’t be a problem, however I would like some ideas on how to make this lot buildable in the eyes of the zoning department.

Before I bought it I was buying real estate giving myself and my daughter something to do, my lily girl (Alice kate) was disabled and a single father it gave us something to look forward to every day rehabbing apartments, I started doing some research on turning a small complex into something for her and design it for her wheelchair in case something would ever happen to me, she would have her own place ,in my research I seen assisted living facilities and thought thats what she needs something with nurses. well I found this 4000sqft building and it was an ALF I made the owner an offer and bought it!

The third option (like bottom barrel) would be to continue renting and save for bigger downpayment and wait for interest rates to come down more.Financially we are in place to buy a home comfortably under $400k.

I would also let them know you no longer feel comfortable hosting this guest.

There is a similar home about 15min closer to amenities doing 61K, at 79% occupancy and $211 a night but with no outdoor amenities or interior design. 

Here's an overview: TRADE AREA - 3 Mile Radius• 12 traditional facilities• 864,595 net rentable sq ft• 41,175 sq ft climate-controlled• 823,420 sq ft non-climate-controlled• 21.2 sq ft per capita overall• 1.0 sq ft per capita climate-controlled• 20.2 sq ft per capita non-climate- controlled• No boat and RV specialty facilities (although, all the facilities in the area have a portion of space designated for this and are usually maxed out)DEMOGRAPHICS - 3 Mile Radius• 40,786 population• 2.0% one-year population growth• 6.3% three-year population growth• 12,869 households• 37% renters• 26% multi-family• $44,627 median HH income• $123,150 median house value ($267,836 county)YELLOW LIGHTPros:• Climate control likelyundersupplied• Population growth is great• Good number of renters goodfor turnover and raising prices• Opportunity for boat and RVstorageCons:• Market may at equilibrium oroversupplied with additionaldevelopment• 2 facilities built in 2018 may stillbe in lease-up (yellow dots)• Low median house value andhousehold income - (This seems incorrect.

Are you comfortable working with your CPA remotely?

Not sure what kind of rehab you are comfortable with, but I have seen deals in these areas under 200k. 

However, it's not specifically designed for real estate or for property management aspects so you would have to note balances of tenants manually on the back end.