It's a 5th wheel located at a campground.

You're right, I definitely do not want to force a bad deal just to avoid a relatively small amount in taxes.This morning, I spoke with the property assessor’s office in the county where my property is located.

I’m currently targeting properties in the $200K–$500K range, depending on the location and potential cash flow.

I was going to look over your numbers for you, but can you answer a few questions:* In what zip code is this property located?

We plan to stay in the new primary residence for a long time because we love the location, the neighborhood, and the land.

@Hank Bank where are you located?

@Joe Gellenbeck Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Something simple along the lines of, no pets due to small shells and turf located at property that may hurt pets, would dissuade even service animal owners.  

Can you give me a little more information about where the property is located? 

Selling the convenience of the location first and in such detail may lead some renters to assume that there is something not so great about the house itself since the sale in on the location.