Its a lot to consider.

The reno went over budget as I added a lot to it, but that was partially because comps in the area supported a higher finish.

That is a lot to cash flow flow until 2020 and I assume that does not include any vacancies or repairs so it could actually be more.

I'm new to the game and have a lot to learn but I'm not flying blind. 

It doesn’t even take into consideration tenant turnover that could cost me a lot to repaint or change carpet etc. that’s why I’m a little worried about cash flow as swapping tenants every year I’d break even essentially.

There is a lot to discuss regarding this and the investor meet up will be a great place to discuss it!

You have given me a lot to consider.

Makes sense to use a vacant lot to build especially if you owned the land for (12) months or more you can use the land value to offset the LTV. 

@Brandon ThibodeauxThere is actually a lot to make sure of and things do change in a case by case basis, but here are some of the General things you should ask about (IMO)1) check with the town/city if the park is legal or legal nonconforming and if so how many spaces .If the park is straight up illegal, you can stop your questioning here.

There is a lot to learn to ensure you don't get ripped off (and even then there is a risk).