I would love to form a local meet up group to share ideas or leads.

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This seems too good to be true and I would like to bake in an entry in my own pro forma for management. 

Alway's do your own pro forma, but I don't even don't that unless we have a deal under contract...that is when you starting doing you modeling and underwriting more extensively.You can do it on the front end and see what the property runs like based on teh sellers numbers...but normally you are going to run it differently.It also depends on the type of park you are buying and what that specific deal has going and not going for itself. 

Look at pro forma‘s, do a recession stress test, Google the heck out of the company and the principals, etc.  

My opinion is that we should get as much as possible so that we can pursue a wider range of possibilities, and so that we don’t come up short on any potential deals that we may want to pursue.The difference in the in interest rate between the 80% option and 90% option is a quarter of a percent, which does not appear to be a pro-forma breaker, especially since we are using the HELOC as a bridge loan until we can complete the rehab and seasoning before refinancing into a conventional 30 year loan.Other than the difference in percentage on the HELOC, can anyone think of reasons why a disciplined investor would not want to have a larger line of credit at their disposal?

You could legally form a Limited Liability Partnership that would give you some protections.

I think its a good deal and the house is in a good shapeMeets the (pro forma) "2% Rule", but, sold comps research is a must. eg.

The pro-formas always look great, don't they? 

[Same applies for the pro forma figures you use].It may come down to: How good are the financing terms you can get, if you were to only put down between 20-25% deposit?