Is the park located in an area where a major employer is down-sizing or relocating?

If you want to play the appreciation game, NYC is better bet than Austin. 

Flippers and Brrr-ers of DFW: Which types of projects do you like?  1-cosmetic (paint, new floors, maybe a few small framing changes), 2-some real remodeling/maybe a major system or two (new baths, foundation + hvac, ...

I'd love to eventually get to this point and I've read and heard on the podcast that you shouldn't necessarily start small, so I figured I'd try to run this property through my calculations.That being said, I'm trying to understand some of the additional costs that may be involved with a property of this size.

That gets you a water heater (at least on my rental in Memphis) and either a AC unit or Furnace roughly speaking.Roof is probably 4-6k depending on size.

The folks saying do not bet on appreciation are wrong or are only talking about a time less than 20 plus years for holding a rental property.

Am I making this to complicated regarding sizing up a property? 

You do not bet on the home team simply because it is the home team. 

An HVAC system that provides sufficient air movement is your best bet, especially with a dehumidifier built in.

Of course learning through experience is the best bet for anyone but none of it would make sense to me if I haven’t even scratched the surface.