Once you have established enough relationships with experienced investors you know who you want to work with.

In my view I'd be providing both a lower cost housing option, establishing monthly cash flow through the lot rent, and setting the stage for long term cash flow through home ownership for the participants rather than renting.I'd love for any of you to point out blind spots, give me things to think about, etc.I know the owner-carry issue would require careful navigation of the SAFE act stuff, which I know only a little about.

Once I listened to an advisor my dad had been working with for years.

(Check out your Local REI meetings)Establish what YOU want from your investment, what is your risk profile?  

I'm just getting established out here in CO as well.

My first item of biz would be to get me a 3bed-2bath-2car place to live in one of the older established areas as I prefer living in something of that era.  

I think a valuable lesson here is to do due diligence on all parties and have advisors from outside the transaction. 

I have both an s-corp to manage and LLCs to own my larger multi's - but had a plan and purpose and specific asset in mind prior to establishing.  

The prospective tenant (PT) just moved to the US so has not established a credit history.

I hope your fist experience is a positive one and try to establish a win/ win situation at closing and don't forget to do everything by the book.