It is much better to hit a single or double with the rehab and a triple or home run on the STR.im Josh and I buy more STRs in the Tampa/StPete/Clearwater/Largo/Seminole area than any other agent the past 2 years.  

Right now the only utility at the garage is power so basically I am starting with a frame and a roof. 

We can also lend to both individuals and LLCs.I'd be happy to share my experience as both an investor and as a lender.

Given the current NOI of $19,440 and a reasonable cap rate of 8-10% for a park with park-owned homes and septic systems, a fair price would range from $194,000 to $243,000.

If you are going to finance your rehab then use a LLC to purchase and a rehab lender for financing. 

This means that if you pay off the loan too early, then you'll pay a 1-5% fee off the loan amount. paying off the loan early means you either refinance or you sell the property, both would trigger a prepayment penalty to the lender. that being said, you can choose your prepay options, 5yr usually giving you a better interest rate by like a 0.25%, 3yr being most common and standard, and a 0,1,2 yr where you can buy down the prepay to be less years. meaning you pay 1% upfront of the loan amount to get a 1yr prepayment penalty so you're free to sell the property or refi after 1yr. 

But everyone has to make there own decision.By the way, I read through Tardus website, and a couple of VERY INTERESTING items popped out.  

We have another park with a free space rent manager and as we have raised the rents he continues to live there for free. 

She signed up for training and as made ten's of thousands on a part time basis. 

@Jacob Dalton - I have been a landlord in Chicago for 13 years and as an investor agent I have worked with 200+ investors on the north side of Chicago over the last 10 years.