Overall, it looks like a good deal, something you could probably even take to a local bank or credit union for financing.

@Amir Twig I've never been a fan of cold calling but I agree that it's great for adding that personal touch to your business. 

When you learn the business after a year or two you can either go out on your own or stay with them. 

I would talk to a local bank or mortgage broker to see what you can get for a loan first and then go from there. 

Most seem to like there to be a business reason for the state you use to create the LLC, either the property is there or you live there. 

Quote from @Kristin Vegas: @Nathan Gesner thanks for taking the time to respond, i do have a question: i own 2 homes and one of them now is vacant, the tenant moved out and march will be 3 months of vacancy. the tenant moved out december 31 and the management handy man finished the respair almost the end of January. nothing major just paint the wall and some carpert cleaning. so far i received 2 applications but it was denied because they didn't feet the criteria, because these applications the management guy which is the owner of his company as well said that there were more applicants but he didn't even bother to send it to me because those applicants had bad criminal records. last week he said there was. more applications and he was going to check it but i haven't had any responses from it. today i called him to ask qbout those applications and he sounded a bit upset and said that he was gonna check it today, same thing he told me last week, i also asked his helper and she said that he was the one encharged of my rental. everytime i call him he sound busy. he seems to be all over the place and sometimes i think that he is just not taking the time with my property. also last week i told him that if he could pls change the description of my property online and to add that i accept section 8 tenants and he said ok but still hasn't happen because i check the description and is still the same as it was, i'm new in this and any tip i will appreciate it 🙏 What is the market like where the rental is? 

I am interested in potentially buying a trailer park as the investment is in the land and the tenants rent the lot, bringing their own asset (mobile home) to the location and typically, they stay for the long term. any invoice for a new real estate investor trying to get into this business?

Coaching can absolutely 10x your business, but theres always a risk of a bad experience.

Structuring the deal properly (like through a land trust) can reduce this risk.Your best bet is to connect with an Illinois investor who has successfully done sub-to deals or find a local real estate attorney who specializes in creative finance.

Side note: I'm launching three businesses in three years 1.)