Mentioned a great point, the tax consequence of a sale will bring property tax up to date based off the sale and the last time it was accessed was when the park was built in 1938 so I’ll be facing a huge unknown there as well so all in all I think the “F” factor is way to high with no upside that I can see.

That will give you a better idea of how to improve (not over-improve) a property you are thinking of purchasing.Speaking of purchasing, you can't purchase comfortably without knowing all of your costs and being able to analyze a deal.

My question is if I buy the investment only property using the typical 25% down on the property, can I still have access to the FHA loan with 3.5% down for my owner-occupied property?

We already owned the land so the improvements cost about $200k (site prep, building the covered storage, etc)So...

I had the opportunity to buy it the Unlimited Access for $1497 (plus an additional monthly fee after a few months) from Connected Investors' webinar but I couldn't do it until I hear more reviews. 

Because it would be nice to access earnings before 60 if I want to, especially since I have control over my salary now can keep my payroll taxes from being unnecessarily high.

Since the property is in the family is it possible to do seller financing and still get a 203k loan for the improvements?

The ground lease will usually spell out site improvements the tenant wants and connections.Best thing usually is to connect with a local commercial attorney familiar with development to get your questions answered.You try to limit up front costs but even then you can spend tens of thousands on some deals that do not work.  

liability protection and lower payments.You could also access the equity cushion  in each property after doing this with a HELOC to use for private lending, note purchases, acquiring more deals ect.Jeff V

In your description of the home you can put all of the improvements you are going to be making, and you can use representational photos as long as you label them as such.