-If you are decide you are okay paying top market money then MAKE SURE that the rehab is as extensive as possible. 

Utilities are in, phase one of the roads, curbs, gutters and water retention has been completed as well.I have received approval from the municipality to build the project as duplexes that will optimize cash flow and raise the number of finished units to approximately 300.I owe 1.25M and need 1.05M to finish the roads, curbs, gutters, and water retention.The first lien(1.25M) is overdue and was intended only as a bridge.The finished value of the subdivision would be 3.4M -4.5M as finished lots, depending on the comparables the appraiser uses.I have also found a lender that will lend to take the first out, but his points are high, it's not hard to get very expensive in points on a loan size like this.I am outside the Phoenix and Tucson markets in a smaller but rapidly growing area.

While there are some strategies you can utilize to tap into your retirement accounts prior to retirement, you must plan for it very carefully.

You'll want to get all the real operating costs from the owner, including pest, lawn care, taxes, insurance (you can get your own quote), maintenance, utilities, management, etc. 

Purchased it for about $115,000 with about $5,000 of my cash. mortgage was about $850 a month plus utilities.

All these methods have been discussed extensively here in BP.

Question is  "can landlord recover damages and lost rents, utilities and advertising in addition to security forfeiture, or must security deposit be used first for lost rents and damages?"

All park utilities are new within the last 8 years.

Just graduated from college a year ago so I'm building my savings to be able to take on some of these projects, just not there yet for some of the more extensive rehabs.

From my extensive reading this is a VERY common mistake new investors make...myself included.