Are you planning on trying to force equity by fixing it up and making improvements yourself?

That way, you can sell the re-performer for more.

The quality of tenant is the variable, most people that need section 8 are good people who just haven't quite figured out how to improve their situation in life, they just want a place to live and will generally behave if they have a solid, clean, safe place to live.Make sure you check local laws and rules around section 8 so that you don't get yourself in hot water, perhaps get in touch with the existing owner/property manager and see what there experience has been with section 8 and especially the current tenants. 

What financing options would I have if I wanted to purchase land adjacent to my home without building improvements on it?

Not getting it rented or not for what you expect to get or having to improve the places to get the rent you expect.

Lot rent fees are $220 a month and park owned rents vary in the $500 a month range.FutureThere are many improvements for DMHP coming into Spring 2019.

I'm not a lawyer or an expert in asset protection so we'll just say that we're officially out of my depth on that topic :)It sounds like you've done very well so far, why not just keep doing what you've been doing, while leveraging experts to improve your business operations?

Based on this metric alone this portfolio won't cashflow with 75% debt.You're assuming 100% occupancy and it may happen from time to time but the property needs to perform at 90% occupancy or below.Even at 100% occupancy ($18K/mo) it won't cashflow because of expenses. $5000/unit/year is $8333/mo.

I find the most important thing when going through the rehab is to make sure you are not over improving the property relative to the other rentals you will be competing against.

Exterior/amenity improvements, unit interiors roughly 50% of the total, add 3 additional units in storage space.