@Alex Marquez, try finding a seller who is willing to do seller carry back.

Delta's warranty is not as long, but most big-box and hardware stores carry replacement parts for them - sometimes you even have the choice of a genuine Delta part or a cheaper knockoff.If the faucet itself is OK, and just the handles are messed up, you should be able to find some "generic" replacement handles at the big-box store or hardware store.  

That will reduce your carrying costs significantly.

Your advice goes a long way.Starting from scratch here, but I have a bounty of enthusiasm and carry plenty of hard work around with me.Bigger Pockets is helping me plan for my first success. 

But there could be additional items that could alter this view, the biggest being the ability to push the rents up significantly if the market rates are much higher, or the seller offering insanely great seller financing terms coupled with the ability to push rents aggressively in keeping with market forces.But if $325 is near the market rent, and there's no seller carry, this deal is dead in the water.

Pros: 1) Inefficient markets; 2) less competition from investors; 3) higher cap rates; 4) less maintenance than apartments and hotels, similar to storage; 5) great flexibility to boost gross income; 6) RV sales around 500k per year and only an estimated 8,000 RV parks nationwide; 7) many sellers are willing or required to carry a note; 8) there are enough tech tools to run the business remotely (with employees on site).

For instance for any closing costs that cannot be rolled into the loan (e.g. appraisal), for rehabbing until the first draw, for loan carry costs until the property is stabilized (HMLs are not cheap) and of course reserves for a thousand things that might go pear shaped.Best of luck in your BRRRR empire. 

Beachside investments are going to be more expensive to acquire and higher carrying costs (plus if your tenants are subject to mandatory evacuation how will you reimburse them, under what terms, etc.).

@Derrick Umphlett you should call 5-10 local brokers so you can get the best quotes from various carries.

It will carry forward to the next year when you have passive income to utilize the passive loss against.