However, before you give up i'd look at your line items and see if there is any potential ways to either 1) Decrease any of your expenses2) Achieve some kind of rent premium.

I imagine you'll be paying more professional consulting fees if you want to structure it optimally.

You'd get a lot of people together who are working toward similar goals and put the knowledge/tools in their hands to help them achieve.

@Justin Hazel congratulations on achieving four doors! 

While you’re going through the potential ups and downs over the next few months, begin thinking about your personal goals and families ambitions and how your professional goals can enable you to achieve those.

Minor Plumbing/Electrical issues, the need for a french drain in yard, and minor cosmetic touch ups (paint, new doors, etc...)Since we have zero experience and we are investing out of state, our fear is that the cost of  the repairs to "house B" would out weigh the AVR the property could achieve.  

You can work with a list broker to optimize your list for your area.

I have a competitive edge though.I co-founded a property maintenance company that exclusively works with investors and property managers to maintain and optimize the use of there funds.

I do not believe that I personally could achieve the 1% rule on either property on a monthly basis, but annualized, the rents will likely be 8-9% of the total asking price for the properties. 

Park Value $1.1M - yes it's worth less than what we are paying, mainly b/c we are buying it as a redevelopment play and it cash flows once we achieve the next step.We plan on selling off 8 mobile home units in the first year to pay down the 'equity' loan/prefer investors to the tune of $280k.