I think someone else mentioned the trailer park close to there so I would suggest calculating lower rent in the beginning.

If you are secure in your personal finance you may choose to go for the lower cash flow / higher equity gain scenario. 

If they have kids, have them be your spokesperson, they will have lower tax rates.6. 

The total monthly rent currently is total $3,400, market would be $3,900.If I run the numbers, it looks like I shouldn't spend more than about $280,000, that seems a lot lower than what they're asking. 

While you should never believe their revenue projection on a specific property without doing further due diligence, I do think their data is a good baseline and can provide an eagle-eye view of areas with better occupancy, better ADR, lower supply and therefore higher revenue potential, etc.Good luck!

The way I have done it in the pass is through note purchase agreements recorded to keep the transaction clean. 

There is no institutional lender in the transaction though.

For me, I had to invest in a lower cost market to reach my goals in a reasonable amount of time (3-5 years).

It is my understanding the law still allows rental caps at 25% or greater (cap cannot be lower).

Short term capital gains is your ordinary income tax rate and long-term capital gains where you hold the property a year or longer is considered long-term capital gains is in as taxed a lower rate.