Note all investments, including real estate, carry the risk of loss in addition to possibility of gain. 

You can not likely leverage that with debt, however you can sell a percentage of the Option for cash and use that as a down payment if you need too.Have You suggested taking over the sellers new cash out refinance loan subject to at some point? 

Additionally, I am looking to learn more about LLCs and weighing pros/cons. 

. - Market rents: $1900-$2100- Sell Comps: $230,000Situation: I don't have the cash to service the debt while repairs are being done. 

That'll mean some reasonable additional costs when it comes to set up and maintenance but it's generally the most economical way to own if you buy multiple properties.If that's something you want to explore one day, I have replied to hundreds of posts in the forum regarding purchasing and investing in Mexico.

A DSCR loan (Debt Service Coverage Ratio) type loan would look at the rental income and expenses and determine the amount it could lend based on that.

I'm still thinking if this is the right move for me given the high property taxes there, hassles of out-of-state management, additional CA taxes, as opposed to simply investing in index funds (which might have more returns).

Even with the additional maintenance expense we still drive a 66% better NOI than if the entire park was TOH.  

Make sure they list you as a lender on their homeowners insurance policy, and not as an additional insured.

Additionally, they typically demand the highest rent with little or no deferred maintenance issues.Class BThese properties are one step down from Class A and are generally older, tend to have lower income tenants, and may or may not be professionally managed.