Also hard money lenders are also seeing this as a problem.Any suggestion on what to do here?

Price is $275K, he won't carry anything back45 spaces12 lot rent28 park owned (would sell those to tenants on owner financing/rent to own to get to lot rent)5 Vacantpark homes rent currently $400-425lot rent currently $125- I think market is 175-200, but not many parks around so has been hard to get numbers3 bed houses rent in nearest large(ish) city of Florence SC (30 mins away) rent for $800-900city water and sewersmall park footprint wise, just 2 roads- 1 paved 1 dirt- and all houses in the middle of it, very small footprint, tight parkArea:Marion SC, super small town, but is 10 min from super walmart, 30 min from Florence, that is the nearest MSA (technically Marion is not in one)Marion small, slowly dying town; Florence growing, solid city/townFlorence metro good growth since 2000, like 17%, low unemployment, everything looks solid there.Numbers:I am pro forma-ing it at $150/space lot rent, 40 spaces, $6K/mo, after 45% to expenses is $3,300/mo net/mo... which is $39,600 net/year14.4 cap on property pro forma12 cap on property based on 125/mo lot rent at 40 spaces.

Hope things are OK in your area, I know you got hit pretty hard with the fires in that area last year.

@Marlow Jones ain’t none hard money Lending is your options

I've also been having a really hard time connecting with investors, commercial lenders, realtors, etc. from the area.

They are willing to sign but don't understand they are taking full reponsibility, no matter how hard I try to explain.They want a shorter term, they have no credit, they have a pet, and I'm willing to bet they don't have a Landlord reference, either.Hard pass.

From what I have been reading, it seems it's pretty hard to find good deals on multi-family property these days.

The property seems hardly usable, as it is surrounded by driveway (looks that way from the listing) and you can also see in your photo of the two cars in the garage, they had to be parked at an angle to fit in the door (that isn't really a 2 car garage in my opinion).Did these $1.7-1.9 mil comps have the same short falls?

I just want to know if I seem like i'm moving in the right direction, if anyone has any experience with the Fannie Mae loan, and if there is any other ways of financing with the possibility of moving in to the property so hard money loans or short term loans are out of the question.

I've learned the hard way to value of a good PM and I have no desire to independently manage them remotely.