The septic is a 2 stage lagoon, on main well for entire park.

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

You have uttered the words that act like a whistle for the Pied Piper so I will get out ahead of it.

Multifamily properties do require more management overall and typically appeal to a smaller, investor-focused buyer pool.At my stage, I prefer small MFH over anything else because of the stronger cash flow, scalability, and the more forgiving capex compared to larger MFH, but the best option depends on your goals and strategy. 

There are deals in every market if you know how to look for them and there are strategies that work in every stage of the cycle.

At this stage of your life, communication skills are most important so be sure to develop those.

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

At this stage you're probably better off investing that extra money into your primary business activity.What part of CA are you in?

The proformas are utter nonsense because they know the product is no longer a viable investment.

I appreciate that, and you're right, any back-of-the-envelope calculation suggests that much of the wealth comes from the equity accumulation, even in the earlier stages of the amortization schedule.