Unfortunately the photo did come through with Ja and Desmond...i'm sure that was a fun experience.Have you heard of the REDI program sponsored by ULI, the Urban Land Institute?

Depending on where the investment is and how successful that market is doing, I'd tear down a portion and keep Ownership The other part of land to eitherA.

It's what you paid, minus the value of the land, plus what you spent on long term repairs (roof, furnace, etc.

Quote from @Cliff Benner: @James Carlson what cities or counties are you seeing, in the more mountainous areas of CO an hour outside of Denver, that still allow STRs if you live on the land the cabin is on? 

Bonus if you land a corner lot.- multiple indoor common areas (think 2 separate tv setups). - exterior "usable square footage" (think covered patio, pergolas).- extra storage space so tenants don't feel the need to squeeze their entire lives into one room (extra garage space, attic, detached shed)- room for 2 full refrigerators!

Unless the land is super valuable, probably not collateral for the mobile homes. 

I also looked at hundreds of deals online and visited over a dozen properties before I landed on this 8 unit.

That does not include land.  

Chris, I work full time remote and specialize in land.

@Jeanette Land I work with clients in 11 markets across TX, OK, MO, TN, AR, and AL finding them turnkey properties for their portfolios.