I'm sure one can get carried away if they aren't mindful of those expenses.  

now if you live in market and its your day job to manage your lower end rentals and you self manage or can assist the PM in real time.. it can work we see a lot of mom and pop landlords on this site that are successful or at least they say they are.. but the one's that are honest will tell you its not a bed of roses and these lower end rentals carry risk.. 

I don't use one as we have one STR, but I carry a ton of insurance.

I understand that it might be tough to sell a small park outright without me carrying the note, for example 10-20 lots.

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

Probably refi to include the current mortgage and give additional funds for carry costs until property is sold . 

The 5% difference accounts for fees, carrying costs, etc beyond just the rehab.

The pipe carries any water away from the house.

@Alexander PerskyThere's a few disadvantages to 0% down:1) No equity in the property to allow for market fluctuations.2) If you are using a bank, you'll be paying PMI which now has a required carrying period.3) Interest rate will be higher.4) Monthly payment will be higher so harder to cashflow.There's lots of great reasons to do this sort of financing.

Looking back now, there was a truly incredible emphasis on "not screwing up your future," an immense fear of risk that carries over from high-school mind control, pushed into your brain by the people who work there, all of whom spent years getting along to worm their way into a unionized low-to-middle-income teaching job, in large part, by jumping through hoops and never doing anything that might lead to their getting fired out of a government union job, or, to put it as teachers do, "jeopardize their position."