A majority don't even make it 18 months from shiny new license to toes-up in the parking lot.Leaving the relative security of a 9-5 W-2 job - especially one with benefits - is a risk that should be undertaken only with a solid plan for surviving startup. 

I currently have this property under contract for $208,000 My goal was to to 1031 exchange the capital gains into a property in ArkansasArkansasI have a single family (plus detached apt) under contract for $70,000.

Would I be able to to purchase a property from someone like that and still use it as a rental, or lease option? 

This will really only be economical if there is municipal water/sewer right out front the park that you can connect to. To

Learn as much as possible about them, THEN strategize.I agree, I not only research who has an interest in the property, current address for them but then I go to to social media and try to find them.

IMO the biggest items are that you bring something to to the table that I don't and that we have similar values and goals.

I also set tangible goals that keep the process real - like attending open houses, or viewing available homes; when looking for my first deal, I had set the goal of one viewing per day, which was usually just driving by a property (didn't want to to waste Realtors time since I knew I wasn't ready to buy yet), even if just on my way home work.

I and many others have left or are going to. 'To

The County Chair, Jeff Brower, is a good one to reach out to to express your interest.

A good commercial mortgage broker should know which lenders to bring the deal to to get the best terms.