I do always recommend going with a property management company because I'm sure you definitely do not want to take 2AM calls from tenants about clogged toilets! 

A DSCR loan could definitely work, especially if the park’s cash flow can cover the debt.

I've definitely made some mistakes here but I'm going to be very candid with the info on the deal, so please go easy on me haha.My brother and I purchased a property on a large lot in Culver City CA in 2020 that was essentially a tear down. 

I am wondering whether they are requesting the Court to repay the first mortgage although the auction stated it was subject to the first mortgage. 

I definitely agree that it's so easy to fall in the trap of paralysis analysis and reading books and listening to podcasts.

Most likely your insurance deductible will be more than that and an attorney will definitely cost you more than that.

@Carter Fleck There’s definitely a lot happening right now.

But I'd suggest you definitely partner with an experienced investor.

The third property has a nice cash flow.I am wondering if there are steps I can take to reduce the cashflow issues of the 2 properties before obtaining another property, like pay down the mortgages or should I just save the cashflow from the third property to pay for any future expenses?

Definitely worth factoring into your strategy, though