Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC (you can elect to have a LLC taxed, as a S Corporation which is a whole other conversation).If you want to close in the name of a LLC, Mortgage Lenders will offer you Commercial Loan Terms (25-30% down, a 15-25 year amortization, and a ballon due in 5-7 years).

If you sell, you could access the equity you’ve built and put it toward other investments or save for a future down payment.

I'm an asset-based (hard money) lender from Atlanta with an extensive 15-yr background in residential and commercial real estate looking to learn more from the BP community and how I can help those that need investment financing. 

If you have no experience in commercial real estate, much less mobile home park management, this is an intricate business not well-suited for out-of-state when you are getting started.

Are you wanting to know how to access a SDIRA or are you asking what are the risks associated with using SDIRA money?

Plus your renters will appreciate it because of your accessibility instead of being some faceless, detached, uncaring landlord. 

I'd also love to connect with you all.And if you are already investing in commercial multifamily, what is your own investment criteria?

Keep in mind that DSCR loans are how most investors have scaled. whether its residential DSCR or commercial DSCR at 5+ units. personally, i like them better. few reasons why:1. seasoning period is only like 10-30 days vs 60days going conventional2. seller max contributions DSCR is 3-6% where conventional its only 2% max3.

My wife and I are new investors transitioning into Commercial Real Estate, with a focus on multifamily properties.

Have about 50k I would invest (access to more), with excellent credit and good income too, from my full time job.