---***EDIT:  I don't have the $150k in-hand. 

Just make sure you screen your tenants properly before hand.

If the park will still be overpriced when you have to pay the piper, you will have a major issue on your hands.  

But didnt he breach contract the minute he allowed a new tenant t9 sign a new lease and MOVE IN without telling US when we hadnt handed over possession yet and were still paying rent?!

He is also a very hands off kind of father and I think he prefers I learn things on my own rather than turning to him for everything, and I prefer it this way anyway.

Hello, I wanted to reach out to see how other independent landlords collect application fees.I manage the property from out of state, so physically being at every showing is impossible - and I don't necessarily want to tip my hand that I don't live in the immediate area to prospective applicants. 

the second reason you don't take bulk cash is because that behavior often originates from scams or slimes, you may have both on your hands.

Check those REIT's out, I think they're good deals for aspiring investors.On the other hand, if you are really determined, I would suggest not only networking with sponsors you find on here or online, but joining a mentoring group like Lifestyles Unlimited, as that way you can establish relationships with people doing deals, plus you can learn a lot about how multifamily real estate and syndications work.

I would sent them a notice, mailed or handed to them informing them that they are not permitted to drive on your property.

Most things that are priced that well require the owner to be very hands on in both the management and the rehab process.