No pressure but my marriage is on the line and I rather like sleeping indoors!! 

. - 31 trailers in total ruin- 14 trailers that could possibly be repaired or sold (5k+ per trailer)- 11 trailers people are living in (5 tenant owned - and the rest are owned by park)- Before COVID renters were paying $200 /month- Trash everywhere and lots of land clearing to get it back up to parOther Issues:- A lot of theft- Nobody currently paying rent because of COVID and he cannot evict- No financials on the operation- No water meter at trailer- No agreements with renters- He has 480K in it - and said he wouldn't entertain anything less than 400kThe amount of work to get it up and going again and the lack of current revenue makes it hard to justify anything around that number ...in my opinion.I've just let it be for now as he either needs to have pressure from local environmental agencies, etc to get rid of it for a reasonable price..... as, he is just "sitting" on it. 

Even simple stuff like mowing lawns or pressure washing driveways will help you learn how money works.

Looking at the walls, they are arriving at very different conclusions of how much work needs to be done to ensure no further movement in the basement walls against the soil pressure.

The other thing is that perhaps you could put some time (when you're not feeling pressured or down on yourself) to jot down some rules of thumb.

Your attitude is the best gauge of what you should do in this instance.MORTGAGE: When you say mortgage expense, limit it to interest expense.Example a $250,000 mortgage with an interest rate of 4.5%  The monthly payment would be $1,266.71 per month.  

My real estate agent Ryan Reed has been phenomenal, while he doesn't 100% understand how to gauge cash flow he has been invaluable in helping me pick out the right neighborhoods to look at.

(I am not envious of buyers agents, particularly in this market)Regarding pricing, in this market, I generally don't even use the listing price as a gauge, since as you are seeing it is essentially irrelevant when you are competing with people willing to go way over.  

Congrats first of all on the first step in your REI journey = ) To answer your question about getting an idea of rent comps- this is no different than someone putting a house up for sale either FSBO or with an agent that has no intent on moving and plans on using the buyer interest as a gauge in terms of it being the right time to sell/asking price. 

This type of loan will require complete transparency from the GC, and it also puts a lot of pressure on the GC as the GC has to deal with the mountain of paperwork in addition to keeping your project on track.