Downtown Tampa is not a major residential area, and downtown St Pete is already built out and booming.For a major metropolitan area, Tampa Bay is decades behind San Francisco, Seattle, and other seaport cities when it comes to mass transit, and we are a culture of car-commuters.Having lived in the San Francisco Bay area (with extensive ferry service as well as numerous other excellent mass transit options) as well as the Tampa Bay area - one immediate problem I see here in Tampa Bay is the lack of transportation options once you get off the ferry (at $10 one-way) - riders will essentially be limited to walking around the two downtown areas, or taking a taxi/uber to get elsewhere - most would rather drive. 

An IRA may use a mortgage when purchasing property.There is a lot to know that would be specific to your situation and goals.  

I appreciate the recommendation and your kind gesture this means a lot to a newbie like myself!

Check out the nearby members and network https://www.biggerpockets.com/meet, it will help you a lot to find partners that can help you out in investing.

Getting perspectives from y'all has done a lot to help me see this deal from other angles.  

Maybe the unheard of one next door will be the next hot spot.There is a lot to analyzing a market, and my favorite is just walking around and talking to the neighbors and watching how people life, and and really checking out the parks, houses, traffic, etc.

There's always a lot to learn! 

option 1 is ok sell the trailer and contents to a stranger who will remove it and pay you for it. and rent out the lot to  someone who has a trailer looking for a space .  

There is a lot to take in Quin, I got into REI at 21 and its an adventure to say the least.

We would like to purchase our first building in the next 6 months to 1 year.I have a lot to learn and plenty of reading to do and I am always open to advice, success stories, failures, etc. - Chris