One was 12 days past due on rent and the excuse - he was too busy.

They forget our brokerage, team, and lead sources put their hands into that check first as well.After August 17th, only the best will continue to prosper in my opinion because it's going to get harder and harder to start from scratch in the business.

Has anyone used this strategy before and had success?

So many developers have been welcomed by small businesses and residents that are now moving to the area, making it ideal for rental properties. 

If no one takes it for the new school year, then look at a new strategy.

What is your exit strategy ? 

Also, sounds like your doing the BRRRR strategy.

I would first start looking at the various strategies for saving massively on tax, mainly the short term rental loophole and real estate professional status and then decide if these strategies align with your goals.

I'd love to see a bunch of case studies on rehabbed RV parks and the ROI 5, 10, 15 years out with creative financing strategies for folks who want to try it. 

What is the intended ARV (after repair value) + what's your exit strategy?