My concern is that the park will be mismanaged during that 5 year period, they will not complete the contract and we will get back a less profitable park than I currently have.

I am looking for a hard money lender in Las Vegas that knows about foreclosures and goes to the foreclosure auctions to guarantee my purchases.

Legally you can still have airbnbs, but the rental period must be longer than 30 days for the ADU.

@Jeff S.Very helpful infoResponding to the high risk: I am definitely low risk focused, I will admit inexperience though, my father and I run a buisness together and my pay is guaranteed, I only plan to buy within my reach, and am considering properties that are currently under rent, where there is a unit for me to live in (rent hack)Then I plan to brrrr it long term for reference to anyone else who might read this.My big question is what is the best way for me to finance my first purchase.I can use a bank but feel I have many other options available to me that I need to considerIt seems as though bank mortgage would be the best route after reading your response Jeff, do you agree?

Aside from avoiding the vacant house look due to no lighting, many municipalities require an inspection of the various utilities to reconnect after a prolonged period of no service. 

When getting a property under contract, instead of rushing to shop around for an inspector to visit the property and having him/her create a report all within the inspection period (so stressful!)

If it is a flip ARMs are okay, but I would get a fixed rate for a long term rental unless you will pay most of it off in the fixed rate period.

There is no guarantee an appraiser will see it the same way you do.  

@Jon Dorsey You basis is $300K period! 

Paying off credit card debt will give you a guaranteed 15%+ return on your money, it is the best "investment" you can find out there today.