Any insights or experiences with either option would be greatly appreciated.If you've recently secured financing for a similar project or have recommendations for lenders who specialize in apartment building investments, please share your thoughts below.

I did my first flip with only 2k, there are a lot of investors out there with capital and no deals, start networking and connect with these investors so when you do locate a property you can do a JV (joint Venture) with one of these investors.

Eventually I want to convert this into an MTR since it's in a great location for it (two lvl 1 trauma centers 10 min away), but I want to live here for a year or two first.

I want to secure the now vacant property. 

From the mid 1880s into the 1930s depending on where you were located this new light framing method was Balloon framing.

Keep in mind the property prices are not cheap, especially in good locations.

We are located in the Niagara Region of Ontario Canada, and we have a good track record for buying distressed and quick closing deals.   

Growing Demand for Affordable Housing: The ongoing shortage of affordable housing options drives demand for mobile home parks, particularly in desirable locations.

I'm afraid you'd have a tough time selling the damages to a judge if the tenant was to question a deduction to their security deposit.

What particular market are you located in?