Once I purchase the house, what is a good time frame and steps to take to get the ball rolling with tenants in As a young newbie inspired investor, if anyone would like to give advice/discuss through the process of a first time home buyer I would really appreciate it

This place it tough to ball park though. 

With an L/O, you're not the owner, just a renter, but you find sub-tenants to lease from you and their payments cover your rent and helps you save up money to someday exercise your option and buy the property. 

This makes it much more difficult to low ball off-market deals.

I want to try and incorporate the BRRRR method if possible however I think to do that I have to go out of state to get the ball rolling, ideally probably in Iowa, since that's kind of where I'd like to buy some land and settle down. 

I certainly don’t have a crystal ball though.

Exercise utmost care as one Covid sick person can infect the entire neighborhood and landlord.

The vendors solicitor is now playing hard ball and pointing out a clause in the contract that allowed for this  and plans to try and keep our $45,000 deposit. 

For example, in Saint John, NB, the taxes will reset at 1% of the transaction value.Property management - 10% of gross rents (even if self-managed, your time has to be valued)CAPEX - 5% gross rentsOPEX - 5% gross rentsSnow/Lawn (who's responsible) Bookkeeping/Legal/Accounting I would not buy on the fear of missing out, investors should be disciplined, you do not have to swing at every ball thrown.

So if the park is in a 7% cap market, you would divide the NOI by .07 and that would give you the ball park value of the park.That evaluation is extremely generic and will only tell you if the price expectation from the seller is in range or not.