I would never own a park where I owned the trailers unless I had a good plan to sell the trailers.

Depends the level of rehab you're planning. 

As mentioned earlier, the Bay Area has me priced out, so I'm focusing on sub-$500k opportunities.I'd love to connect offline soon, but want to throw out a couple of questions:What's the most popular floor plan in Fresno for long-term rentals?

I’m looking to discuss any pros/cons, faults, suggestions to this plan.

Also have a contingency plan and risk reduction plan.

Don't rush the process.

Is this a smart plan?

A conventional loan with 10% down will not be an option for a car wash.I would first seek to find out if the Seller has plans for the proceeds, usually they need the money for something else.

I bought a house at a foreclosure auction and am in the process of signing contract and preparing for closing in 30 days.

Understood that DIYing something that I don't do and saving $7 per month (that I'm charging the buyer for anyways) could blow up in my face if there are unforseen results in this process.