My recommendation is to read a few real estate specific books and a few personal development books, then take action!

Neither is a better option, just depends which one works better for you and your circumstances/goals. 

However, banks can call the note in times of extreme circumstances so be aware of the risk and conservative in your debt management, liquidity, etc.    

In very rare circumstances can you have two fha loans.

I’ve heard about municipalities and counties not being too keen to new development due to there being little  additional tax revenue  gained, but was  hoping I could get my foot in the door since there were already existing mobile homes in place. 

Yes I travel often to the states but I live in Ontario so have to be able to trust the people that are working in my stead and watching over and caring for my investments  when I am not there.I have a system I use developed over the last years and the 100 properties we have worked with do far and we stick to it if we lose a property or 2 because someone wants a faster closing date then we can offer its on to the next one everything is about the numbers , the location  and the time line.More then willing to share what we do if  anyone is interested just look me up

What are the cons for developing (slight) on rivers deemed WSR?

Can you develop an online sellers calculator that would tell them how much profit they get from their apartment sale?

Now if you intended to live in it and for some reason the plan change do to unforeseen circumstances that would be different. 

Then we will either sell the development once it is shovel ready, or start phase one and develop the homes.