No but you need to understand that it increases your risk and your costs. 

there is value add for sure but they are all small apartments so won’t increase drastically looking at $50 per apt prprobably at most in the near future.

You want to review income statement from HOA before acquiring the property as many kept increasing fees to the point it is not worth owning a rental as business.

This significantly increases the real cost of the property and you'd need to include these costs into your financial model.

This is also a bit of a destination, as it is right on the WA coastline, so Airbnb has potential.All in all, I'm confident that I can increase my net to 92k annually, and after expenses and debt service (partial commercial, partial seller carry), this puts me at ~$2,500 a month cash flow. 

As that money comes back I just reinvest it.For the mobile home park is there additional opportunity to increase income.

The legalization of cannabis in various states has created a niche in the real estate industry where the value of properly zoned lands and properties have been increasing at an astounding rate.

Thanks for all your input everyone.Yes - this all makes sense.I read an article announcing the new facility and in the comments section, most people were concerned about the increase in traffic.

The current total monthly rents are $2950 which is low for the area and can be increased to $3200-3400. 

I think the main question I have for you to figure out is this: What would you need to do to increase your rents above your estimated $3,000?