I'm flexible on time, just floating the opportunity. 

Acquisition of brand new single wides would pay themselves off in 3 years and development would be paid for in cash......So while I would be floating a ridiculous amount of money for three years, the annual return of 350k after that is amazing. 

He'll get the drift. 

In regards to your use of floating rate debt, how high do you set the rate cap, say above current rates?

The problem with allowing ANYONE to paint is that if one person tries to paint and messes it up - the walls are basically forever ruined unless you sand/float the entire wall over again. 

Are you trying to CLOSE the sale (do you know how to close), or being passive and just letting Forest Gumps Feather float where ever it wants.5.

I don’t see life as something that I float through while trying to enjoy the ride.

I'm positive OP is a solid person and on the right track but giving inane advice like this is akin to giving an arsonist a matchbox (bad example but you get my drift). 

Yup at some point its what ever floats your boat..

With the war zone properties it is likely you will have higher expenses and more damage from the type of personality and problems that come with those areas.Get a couple properties under your belt, maybe you'll see you have the tolerance/desire/etc. to have a riskier investment with hope of more cash, but at least if you have a couple winners in your portfolio you can float your war zone one and it won't kill your investing dreams if it proves to be a problem.Stay patient, keep looking, stick to your criteria and be flexible.