If we let 30 RVs on the property it may attract too much attention, but being conscious of neighbors the rural area takes on more of a 'ask for forgiveness rather than permission' vibe for anything that doesn't involve permanent structures.   

Are you debt averse or want to take on more debt?

Verify the purchase price, potential rental income, and operating costs to determine whether it’s truly profitable.Understand Debt: Taking on $500,000+ in debt is a serious commitment.

Quote from @Tim Johnson: Has anyone seen an example of a lender combining debt with equity on a real estate deal?

That amount and the debt pay down that your tenants are making for you should also be added to cash flow for your ROE calculation. 

Typically lenders for non recourse require the borrower to have a net worth that is equal or greater to the outstanding loan blance, have at least 1 year reserves for debt service and experience and or a track record.

Van Gundy’s bankruptcy is dismissed, then the multiple lawsuits pending against her can proceed in the various courts and she will not receive a discharge on her debts,” said San Antonio lawyer David Jed Williams, who represents a group that sued her and her company.The trustee wants the bankruptcy dismissed “without prejudice,” meaning Van Gundy could refile the case.

You are required to file a complete and accurate return, which means reporting the income that you earned along with atleast the direct expenses that you incurred on your rental.There are two comflicting forces - Your tax accountant wants to be aggressive with deductions because it will entitle you to paying less taxes(now or in the future).Your lender wants to see as much income as that will increase your Debt to Income Ratio(DTI).The good thing is that you can speak with your lender about 'one time expenses', that were only incurred in that year and are not reoccuring. 

There are syndication/crowdfunding funds currently being launched now which intend to take over deals from syndicators/operators (where those same owners would otherwise have to turn the keys over to the bank).Generally the ones in trouble are those that structured too aggressively (high debt, floating rate, etc).

"Fixed rate debt or floating rate, what is your preference?"