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Hey Andriy,What are your goals?

What are you and your partners investment goals?

Building wealth is my overall goal!

I intend to gradually develop the park by acquiring used mobile homes for around $10,000 each, relocating them to the site, and performing minor renovations.To make the venture sustainable, I'm considering implementing a rent-to-own model, with the ultimate goal of transitioning to a Tenant Owned Homes (TOHs) setup with $300 lot rent.

Also, there are construction loans that pay for the entire build project including land. 

Some are easier inspections than others but some turn into larger projects (this can be prevented with better screening in leasing but we inherit bad tenants or poorly ran previous property manager problems often). 

this one doesn't look to have the equity to do it, even if the outcome would give you lower payments overall. if the construction is complete on the property where the construction loan was taken out on, i would look to refi that one asap into something long term (30 fixed). that should get you somewhere likely in the 7's and 8's in today's market. hopefully lower once the project is done. 

As in, there are a bunch of calculators and Excel spreadsheets out there that will project or estimate if the deal is a good buy.   

You can try to compare different projects.