My premium depends on the amount of money I think I need to cover a catastrophic event. 

@Mary Mitchell"The unquestionable reality that there is catastrophic failure everywhere proves that there is unquestionable general success!"

Assuming there is no catastrophic market failure such as 2008.

At the completion of the rehab I will refi into a better loan and hold or sell what ever looks best to me at the time.I'll have to admit I pretty anxious just thinking about spending money like this but barring any catastrophes the numbers work.I'd like to know if I'm taking the best steps on the financing, a few more notes I'm self employed and I'm doing a bank statement refi the rate is higher than I'm paying now at 6.5 I'm at 5.25 now

I believe it tends to give me a slightly lower return, because the sponsor is going to be more careful, and if there is a severe downturn will prevent me from taking catastrophic losses.

On smaller deals such as this, I would be cautious about taking over a park with private utilities as the cost of repairs may be catastrophic to the smaller operational base.- What is the size of the metro area in which the park is located?  

I have one of these schedules for each property and the Needed column from all flow to another sheet that gives me a guess on what I need in cash reserves for an absolute catastrophe. 

She let my newly rehabbed flat in a catastrophic state.

Nuclear is not a viable option because in 60 years of using it we still haven't solved the waste issue, plus govt. has to insure them since no private insurance company would be dumb enough to seeing how disasters are extremely expensive not to mention catastrophically costly in terms of human lives, so nuclear is dead.

That said here's some things to consider:impact of various options on cash position and what shorter term plans/cash needs you may haverisk tolerance levels re: use of leverage and possible risks there (kind of the stress test analysis) for instance if you have long vacancy or a couple unlikely but catastrophic expenses for propertieseffects of financing decisions on your primary living scenario as well as future investment options