Property has beautiful trees and flat space for maybe a dozen to two dozen RV spaces.  3) The building has some old school charm but also was boxed out in the 70's with ugly T1-11 siding, and needs a fair bit of rehab.  4) The "RV park" would need power drops for each spot at minimum, water would be next level and sewer ... who knows.  5) Building was built in 1937, is about 1600 sq ft, has the old garage bays and concrete pad out front (maybe it was a filling station too)I know the things about buying right and the numbers and such, more just looking to see if you have any creative ideas about what the building could be used for, or alternative ideas for the RV park, and also cautionary thoughts.

It doesn't happen overnight and the little rewards you see in the first 5yrs will start to pay off in yrs 10-12. 

Reward them for their faithfulness.

It's more work and more risk, but often more reward as well.

I just listed and sold a 5 bed/3 bath home down the street for $375k super charming.

Instead, you buy a multi-unit property, live in one, and rent out the other(s).Having full units attached to your own means you can command a higher rent than just renting out a room yet you can still reap the rewards of low-interest rate and minimal down-payments as you are living in the property.House Hack Mobile Homes or RVsIf you found a property with a large outdoor area you could park a trailer, build a small home, or buy an RV to rent out on the land.

Analyze market circumstances, project remodeling costs, weigh risks and rewards, and do extensive due investigation on possible investment properties.

The reward you get for taking on a higher risk investment.The same happens in real estate.

Deal with known risk reward versus what happens to you at refi time in the future.2.  

Old houses are awesome, I love them and they are very rewarding.