If you are not interested in purchasing more properties put your money in a diversified income fund.I keep my properties leveraged as close to 100% as possible because mortgage  rates are so low.

These parks can work...but the only way they can with this low of lot rent is if you have partner who literally lives within an hour drive of this park or you have another park that is larger within 20-30 min drive of this park and you can have a manager look over this park as well.Or if you live in that area....Smaller parks are great for getting experience but can be really hard to sell on the exit strategy becuase the time it takes to run this park....your better off with park thats about 25 spaces....6 spaces in the midwest is really hard to do...unless lot rents are apart 500 a month or so...because of the % per space is the same and your downside exposure if someone moves out is a lot greater % of your income vs a park that is larger.hope this helps

In particular, wholesaling is presented as a magic elixir, where for low-investment you can start making real money (that's not true).

So the difference is taxable but you still shelter the rest of the gain in your 1031.In your case you may be contemplating buying down so low that there will no longer be a tax saving. 

You can't make very much money on low cost housing if you're wholesaling since the starting point is so low. 

Real estate is easier to predict as supply is still low and demand is high.

However, because the first property was financed through an FHA loan, I can't use FHA as an option for financing my next property and one lender told me that any other conventional loan with a low down payment (1-3%) would not work when purchasing a multi-family property.

Multi's can be as low as 50% depending. 

It psychologically tricks you into paying your fixed rate low interest mortgage off faster with a higher variable rate HELOC. 

Are there any real estate syndicators on here who have experience raising money for low risk deals that provide lower returns.