Is there any REAL reason in your region that you should be concerned about the economy?

@Juan Alvarez Here are a few books that I found to be extremely clear and helpful:The Book on Rental Property Investing by Brandon Turner (BP Book.

I'm concerned.

I'm having an extremely difficult time finding current multi-family units in the area and may resort to this strategy if it's practical.Thank you in advance for any advice. 

If qualification if a concern, then perhaps a blanket loan would be better. 

Hello everyone on BP I've been walking with some people and interested in possibly doing the brrrr strategy my only concern being full time flipper how I go from hard money loan part to the conventional loan part if I don't have a proof of income.

You're at the 2% rule which is good......my concern is if it's a $20,000 property it is definitely in an "F" area so you may have some challenges regarding keeping good tenants, collecting rent....etc. 

My concern with your park would be how to make the numbers work with only 8 homes  Rents would need to be fairly high and/or price very low for these types of deals to make financial sense. 

I wouldn't be too concerned about hurricanes blowing it down.

Another thing that I'm somewhat concerned with is the tax lien on the property, assuming I package that in to the ARV algorithm?