Put yourself in the seller's shoes: if they have two offers on the table and one is from an unknown out of state lender (or national, faceless, on-line lender) and the other has closed tons of deals with your agent and is a known quantity, who do you think you'd go with?

I moved back to Wilshire Park two years ago and am loving it. 

A big portion of the lot has a existing church parking lot attached to it with 32 parking spaces.

I exclude any ads without pictures in my analysis.I look at each comp and impartially assess how it measures up to mine:  parking, amenities, micro neighborhood, utilities incl., pet policy, etc.After that, I have a pretty good idea of what I should ask for mine relative to the others. 

Texas Job Growth AcceleratesCOLLEGE STATION (Real Estate Center) – The Texas economy accelerated job creation in July 2018, according to the Real Estate Center's latest Monthly Review of the Texas Economy.The state gained 377,100 nonagricultural jobs from July 2017 to July 2018, an annual growth rate of 3.1 percent, higher than the nation’s employment growth rate of 1.6 percent.The nongovernment sector added 372,700 jobs, an annual growth rate of 3.6 percent, also higher than the nation’s employment growth rate of 1.9 percent in the private sector.Texas’ seasonally adjusted unemployment rate in July 2018 was 4 percent, lower than the 4.1 percent rate in July 2017.

Lubbock And College Station Among Nation's Most Affordable College TownsATLANTA (Apartment Guide) – Two Texas cities have landed on Apartment Guide's list of the top ten most affordable college towns for renters.

Also if it is in a park you don't own the land.

Me and my husband are law enforcement officers and my HOA has been harassing us about parking on the street when we don’t park on the street.

Your $110K  property is a bad investment based on the rental rate it is returning.It is never a good idea to park cash in a income property, possibly a plan only if you have more than you will ever need and are at the end of your investment life.As a inexperienced investor you may view your property as having a positive cash flow of $500/month but that is likely impossible.

Biggest deferred maintenance item is one parking lot needs to be resurfaced.