i.e. using the 10% rule to evaluate if the property tax is a fair price on the property?

I recommend cantacting a few accountants evaluate them before moving forward. 

It should at least be a BRRRR for the short-term, then re-evaluate the SFH market when things settle down with COVID. 2.

Even experienced investors are in danger of underestimating costs when evaluating deals.

We want to still make this as passive as much as possible while still running a business (analyzing the deals, evaluating markets, etc). thanks for all the advice by the way.

Get a survey of your parcel.Consult with a good land attorney licensed to practice law in Washington State.An attorney will be able to evaluate if the neighbor has obtained unwritten rights.

If we ever got into a situation where we couldn't rent a unit then we would evaluate switching to section 8. 

I would take a step back and evaluate your total financial situation right now.

I know you add headache and expense with POH’s and to some extent with Lease to Own but I’m really only looking at the overall cost/value aspect and how that differs or is the same for each strategy type.How do you evaluate when looking at parks that are being run in any of these ways to be able to compare apples to apples?

I have an off market deal in AZ that I would like some more input on evaluating.