I own (by inheritance) 2.25 acres in a small, one red light, South Carolina town.

Parking lot revenue (rents) - (minus) operating expenses (opex) = Net operating income divided by cap rate for parking lots in market = value - (minus) cost to build parking lot (pave, fence, light) = profit generated 2.

Nothing to do with renewing or not renewing a lease.The decision to terminate a tenancy should not be taken lightly.

Here is a brief list of the planned renovations:Kitchen-Granite Countertops-Cabinets-Tile back splash-Kitchen Sink and faucet-Kitchen lighting-Stainless Steel appliancesBathroom-Vanity/sink/faucet-Shower head-Bathroom lighting-MirrorCommon areas-New front door-New interior doors-Blinds/Curtains-Wooden Laminate/VinylI have a decent amount of my own money I can use after the down-payment and closing fees.

Classically, the base color is a light TAN with strong Chocolate trim and accent pieces. 

I went to my local hardware store picked up the service panel for $145 and $35 roughly per complete can light.

Matching modern appliances, updated light fixtures, countertops, etc..  

The place has been trashed, a few light fixtures have been broken, and one of the windows has been cracked.  

That mismatch came to light when I had just put a portfolio deal for just over $2mil under contract.  

Hey Brendon,We have a small campground we built so hopefully I can offer a little help until others contribute.Lots of things determine the construction cost and not being from your desired location handicaps me.That being said maybe I can at least shed some light on your idea.Things that will determine actual per lot cost are power,sewer and water.1-Underground power is the way to go,more cost but more spaces because of overhead clearance restrictions.2-Available sewer also is best but septic systems work fine but cost more and chew up land area and require more long term maintenance (we have septic systems,3 spaces per system). 3- Water,there again country,or city water is best but a well and your own systems works fine also just requires more upkeep.As far as the park itself it's best to (IMO).1-set park up with three sections to accommodate different styles of campers,over night,seasonal and annual (if area warrants),all three have there pros and cons,overnight area is cheapest to construct since you'll just have bathhouse ( no septic,power or water per site). seasonal spaces will be completely developed but will rent for highest amt because it's short term (usually power is included into rate).Last is annual which again lots are fully developed but not so much in and out and consistent cash  flow,tenants put utilities in there name as they would a SFR.