Ours is in an area that is primarily summer only but with continuous improvements and a good rental manager our utilization is increasing into spring and fall.Best part about vacation Rentals, no concerns about evictions.Worst part, extremely hard to cash flow with traditional LTV rates.

I have SFHs and a few small apartment complexes, but this would be a first for me.Quick run-down:45 lots, with no room to expand18 full - 15 POH and 3 paying just lot rentPublic Utilities, proper zoning, paved streetsSmall town, around 45 minutes from any sizable town; around ~2,500 residents that are mostly blue collar, lower incomeI believe lot rent should be around $250-300 per spot once full and stabilizedCurrent asking price is around $200k, with expenses running around 35-40% of gross incomeMy initial plan would be to give all POH to the current tenants if they agree to re-sign lot leases and update all utilities and other facilities as necessary in order be prepared for additional homes being moved in.  

It has a small house hooked up to utilities on it that would need to be demolished.

Best part of syndications is that you can still take advantage of the tax benefits as well so you're still utilizing the best parts of REI, but no fixing toilets. 

You will still take 100% of the depreciation deduction allowable on your rentals, but if that deduction causes you to have a passive loss, that loss will become suspended and not currently utilized due to your income level.

More importantly these online deals are leads given to bank employees, no successful or top producer banker will sit in a cubicle working on in-house leads

@Michal Dewer with no budget your best bet would be to produce content that is SEO optimized so that it shows up in google searches on relevant topics.

And some realistic sense for how much work/time/energy this is for you.An good agent can tour the property and produce a written CMA - takes me about half a day, to do both things well and not just shoot from the hip.

There is no HOA, and tenants pay utility bills and taxes are about $200/month.

If the house would ordinarily rent for $2,000 a month, that comes to $400 per room but you are probably including utilities, TV, internet, etc.