@Steve Smithhttps://www.journalofaccountancy.com/issues/2023/sep/passive...Basic JoA article for bedtime reading.... 

However, this risk needs to be weighted against other risks of managing properties remotely since doing it from ON has its own issues (can't do even smallest of repairs on your own, can't check on the condition of the units, can't even show them to tenants in person to evaluate those tenants when you are first renting to them, etc).

The question of whether owning a primary home is a sound investment, if you ignore lifestyle issues, can be true.

-Do you for-see any issues for me?

I distributed a property out of the IRA.

The way I got around it was I had capital that I could use to payoff the load and then the bank issued a new loan for the BRRRR amount, which I then got my capital back plus the additional capital based on new ARV.  

If you're just starting and don't have time to deal with a lot of potential issues, turnkey is a great way to get the ball rolling.

If that's an issue then that may get the sellers to do what you want. 

Be up front with them about the issues and see if you can make a deal.

.: I would highly suggest buying an existing community, it is almost always easier and more profitable unless you know what you're doing. logan the issue on the West coast is parks are treated like investment grade props and sell at a very low cap rate even in this interest rate environment.