I do think 10% is a little slim if you will be actively involved in managing the project.

I would price in the initial inspection and the lead testing at the very least. 

Everything for the permitted property required additional fees, testing, more fees, ripping out good for bad, more time, extra ridiculous Gov't style red tape.

Some older parks fudge on the number of units parked.Have septic inspected and water inspected and tested to ensure you don't have any hidden problems that could cause you 100's of thousands to correct.In Maryland verbal or handshake agreements can be legally binding, have a real estate attny review any Sale DocumentsVerify 3-5 years  of income and expenses.If you are buying the park as a business entity have an accountant verify the books, Ensure Seller gives you copies of State and Federal Filed TaxesCheck for current Insurance and Have insurance company list any claims in last 3 yearsCheck with courts to ensure there are no outstanding civil lawsuits filed against Seller ,company or ParkVerify Verify Verify

I am just looking for feed back from people who have invested more than just the minimum to test the waters i guess?

I am reading Think and Grow Rich with plans to read How to Win Friends and Influence People next, after seeing how many highly people recommend it.I was also hoping to get some realistic answers about how long it takes the average person to complete the 135 hours, submit all appropriate paperwork, and then test for the license.

I took a 6 months hiatus from working then decided to do part time work 9 months ago, while I research and tested starting my own business in the health care field.

I’m gonna test the waters and get my feet wet with a BRRRR.Searching for the right property.

In certain cases, you can treat part of your profit as tax-free even if you don't pass the two-out-of-five-years tests.

I'm thinking of testing this market, as I truly enjoy doing this kind of thing.