I like the opportunity because it is already generating small cash flows each month from the rent and is located within 5 minutes walk from the green line and 290.

The interest rate you’re going to get is typically based on if it’s an operating or a real estate loan.

On the other hand, these tenants have been fantastic (my best so far) and renovating with them present would help generate more goodwill and perhaps lead to extended tenancy and other network benefits (They are both nurses and may have co-workers who are looking for apartments). 

The bank has asked for a notarized copy of two id’s, along with the Operating agreement and Articles of organization.

agreed with @Neil Schoepp that this is a very low cap rate for a smaller park like this, and the typical industry norm is a 3 point spread to help when interest rise, all of your other metrics for investing....cap rates, cash on cash return, IRR will still work with the investment if you go to refinance etc.With a smaller park like this and lot rents around $200...your going to want to not pay for too much upside(at least for me)...Smaller parks can be a good opportunity for operators and if bought right, they can be a great options to your portfolio. 

As for my thought @Jordan Hamilton the South Florida market on a whole is probably getting near the seventh inning stretch to reference baseball.I only hold SFR and that is my thought, I hear the multi-family game has been fully priced for some time now.In the end, if one is buying to hold long-term and generate monthly cash flow then as long as the numbers work and it cash flows positive it might now matter as much.Be sure to work those numbers though: vacancies, maintenance, etc. 

We have an automated system using some coding applications (self made) to generate leads from various sites, coupled with help from some VA's.Once the data / lead list is created on a spreadsheet/google sheets, we pull into Freshsales as our CRM. 

I've generally purchased properties that had the potential to generate additional NOI and I've managed them such that I've forced quite a bit of equity, however, my main focus is cash flow. 

We do not utilize any lead generation services like Thumbtack or Homeadvisor because the ones looking for quotes on those sites only care about who is the lowest.

Long term goal is to get involved with enough buy and hold rentals to generate passive income and, ideally, financial freedom.