I had to supplement the extra $23K but it was worth it to avoid taxes on the first property.$50,000 rentalThis property we purchased for $125K with the remainder of the 1031 Exchange turned into a bigger project than expected.

That generic internet lead (to go with the other 40 that came through today).

My goal in starting passive income is to supplement my wife's income x2 so she can stop working and then I'll continue to work so we can continue to build.  

Consider rental furniture or durable generic choices.

I graduated in 2015 with a Finance degree but went the entrepreneur route to learn new skills and build other income streams that can supplement my job and lead me ultimately to financial freedom.

Your equity is returned during equity events, i.e. supplemental loans, refinance, and primarily sale.You can certainly earn more doing your own deals, but the beauty of syndication for passive investors is just that, the passiveness.

You have to consider the potential upside such as rental increases, RUBS additions or other forms of supplemental income (make sure the local sub-market will support these additions) that the complex in question is currently not taking advantage of.

This is why the Medicare Advantage and Medical Supplement businesses are booming big time.

Based on what you have shared so far, if the only income at the park is the 3500-4000 per year space rent, then that's roughly a 6cap deal, using some generic assumptions. 

People use generic rental agreements without thinking about the consequences... lesson learned.... cheap schooling...Good luck with your future...