@Dan Roma I have actually worked in the RM field in the past.

They may not appreciate that much but they will at least hold their value.Schenectady has seen a lot of investment in the past decade and downtown looks much better than before.

No because he didn't live in it for at least 2 out of the past 5 years.

Then, I came across it again just this past March with even more determination and decided to sign-up as a basic member at first.

These parks can work...but the only way they can with this low of lot rent is if you have partner who literally lives within an hour drive of this park or you have another park that is larger within 20-30 min drive of this park and you can have a manager look over this park as well.Or if you live in that area....Smaller parks are great for getting experience but can be really hard to sell on the exit strategy becuase the time it takes to run this park....your better off with park thats about 25 spaces....6 spaces in the midwest is really hard to do...unless lot rents are apart 500 a month or so...because of the % per space is the same and your downside exposure if someone moves out is a lot greater % of your income vs a park that is larger.hope this helps

Even had to check a special box on the return indicating that it was a "related party" 1031, and I thought that of itself might attract a little additional scrutiny, but now that we are past the 6 year statue of limitations, that's no longer really an issue either. 

I would have your loan officer run it past an underwriter.

I came from an IT background but have been doing marketing and ecommerce for the past 2 years. 

The cash I could have used to save 5% mortgage payments is invested elsewhere and over the past 10 years has returned between 8% and 17% interest.

Closing one property is just as stressfull as closing 20.Just run all of the numbers and get copies of leases, past 3 months expenses, taxes and insurance cost and you should know if the deal is right for you.Good luck, and all upvotes are appreciated!