But striking out alone means you make your own decisions yourself not others, including you should do it or not.

Does that mean that the lender has agreed to strike that clause from your loan documents?  

Like you, I studied so much in school, hoping to strike it rich in my chosen profession, only to be disappointed that it was not the way to financial freedom. 

Anything solid within striking distance of reasonable typically has an avalanche of offers.

Just in reading your comments, you strike me as someone who will find a way to be successful regardless of whats changing.

@Michael Baradell If you can go in person and strike a relationship with the park manager and/or owner, you'll probably have a better change of creating a relationship than those who do not.

Of course it will be an under performing asset, (strike that, I mean liability) since we aren’t going to charge ourselves $6k per month in rent.

Buffett says, investing is a zero-strike called game.

Keep in mind depending on your location u could be at peak market values, don't over leverage without capital to burn in hard times, also consider starting the conversation w the seller about a deal in the future...u might just see a dip in economy/mkt and reap the rewards of patience a few months down the line but I understand striking while the iron is hot too.

Lightening does strike on occasion, but it's doubtful you could find enough 70% deals to run a successful flipping business in southern California.Paying 75% is challenging, no doubt, but these deals are available in enough quantity to make a go at it.