You do relinquish a lot of control to the fund managers but I like the idea of spreading out the risk among multiple properties and the upside of equity vs. debt investing. 

If the park currently provides water as part of rent, this is a tough cost to keep control of.  

With a proven track record maybe the investor will loosen up on terms or do multiple investments concurrently with you.Until you have enough investable capital accumulated, it will be a challenge controlling the terms of any investor or lender.If the deal you have in your sights is phenomenal (like it could appraise for way over your purchase price), you may have luck finding a HML to fund acquisition + rehab but the terms will likely be ridiculous.

Hi Mark,Second home financing and Investment financing are different, as it depends on your intent with the property.If you purchase a property as second home, you should have exclusive control over the property, and occupy it for a portion of the year.  

Same deal with calling the police - if they get in touch with him, he'll feel empowered that he was able to control you to that point...bothered you bad enough that you went to the police.

Financing is getting more available and will probably get more available to you.No matter what you do just stay in control of what you are responsible for.  

If they are not helpful, switch custodians or set-up a checkwriting SDIRA in which you will have total control.

Went by with my realtor yesterday to review what work I'd need to do and we find the basement with about an inch of water in various places :(House is still technically under owner's control so my realtor said they would be responsible for getting the water out and cleaning up the basement.

You have NO CONTROL.

Once you have enough expertise to locate and control a deal, enough capital to help fund a deal, and/or enough experience to manage the execution of a deal, you will have the credibility to find experienced partners.