Also signed up for a SelfLender account to build positive history.

I dont want to be saving money my entire life because that savings account wouldnt be working for me I want my money to work for me!

Agree you don't need to open a commercial account to do this, just open a regular checking account and credit card, and only use them for the property.

Where can I find historical IRR numbers for DST investments ?

Owned outright... 20 thousand credit card debt, 16000 on one personal loan, 7500 on another, and 8000 on another a little over 50 thousand total debt about  on about 8 grand in cash 30 thousand in TSP account (basically 401k)...

At $150k, it will disappear.A good tax accountant can help you squeeze more losses out of this property - maybe $10k or $15k, instead of $5k.

In terms of the correction coming up to your market, review the historical facts about the previous correction in this market and see if you can locate a trend.

All I know about his finances is that he has some savings in a savings account and is almost entirely risk-averse; despite that, at the end of discussing it with my father, my brother blurts out that he was willing to invest in my venture as well!

However, I can’t seem to find enough information (or at the very least a dumbed down explanation) of earnest money and escrow accounts.

don't forget about mowing, snow plow/salt, some turnover, taxes for your manager/workers comp, free lot rent, money for your management time, accounting software, LLC set up cost Your going to have more of a greeter in a park like this, which would be free lot rent only and maybe $5 a lot...smaller parks have really thin margins...if you have 2 tenants move out, die, leave town, get arrested, whatever, you then lose 14% of your tenant base and monthly income for the property, get to 5 tenants and your at 40% which could throw your loan into nonperforming very quickly unless your willing to come out of pocket on something like thisjust to show your top gross revenue will never equal 40,000(210*14*12=35,280)just do your diligence and i wouldn't pay more than 200k for something like this...and thats a stretch or if there willing to carry some of the papersomething this small, don't turnover to a property management company because they don't know what their doing normally with a park like this and their going to charge 10% of revenue probably.