Trying to avoid purchasing the park only to then have to replace 40 systems. 2)Any recommendations for DD (not spending $30k to drain and inspect them all). 3)Would our insurance help with replacement?

Also mold growth can become a bigger issue depending on extent of it.Also drain waste and vent lines can turn into larger expenses if corrections are needed.

You want a nice leveled off yard when you are done that will drain well. 

It costs the same to have a plumber snake a drain regardless of the value of the house.

I've been involved in 100s of deals and properties in these areas over the past 20 years.Vine City is starting to get a ton of money behind it...but I think a bunch will go down the drain as well.  

My partners and I only stick to limited service as we can avoid food and beverage outlets which are typically cash drains.

You are throwing money down the drain by forming a management company for this purpose.

Giving my tax guy a benefit of doubt, he has known me for 12 years to be a "stable saver" and i think the idea of draining my savings into a new venture that excites me and changing career directions was alarming for him.

Otherwise it is just a big financial drain.  

And in reality it can take one major cap ex to drain months/years of cash flow, so ideally I’d prefer to fix anything with that could potentially become problematic within next few years with the financing used when purchasing.