Properties typically on a land lease in communities like this are more difficult to get financing on - so not only check the values but also time it takes for these properties to sell to understand your holding costs

The neighborhoods are not upscale but they are desirable so good tenants are typically found quickly. 

They usually sell for a really attractive price because investment property financing is (obviously) difficult, somewhat limiting the buyer pool to owner-operator small business owners (who in turn are typically great clients, as well).  

The first year is typically good for most properties, although I've had some rough starts.

Typically, if they can make it work as an STR they go that route because it almost always generates the most revenue.

Since tax bills are for entire parcels (typically, though not always) then it is highly unlikely that they somehow segregated the taxes for that small portion and paid it.

That's typically where I see people referring to entry fees.

Larger homes typically command higher prices.4.

Some carriers don't ask but you should make sure that you're not indicating (in the policy application that is typically e-signed) that you aren't using your property for student housing if you are.  

Again, I do not know how multi-party investments are typically structured and I'm very much looking to find out!