I tell my clients here in Chicago all the time that it normally makes sense to just get started, especially if you can house hack.

It's a fairly common issue and thus a normal part of title work. 

You'd be way better off buying an existing park with normal leverage from a bank, and just increasing the lot rents.But then again, I've not seen this location.

They have more skin in the game then you do.Make sure you get clear title.

But once the market has other competitors, the rates of return will diminish and approach a normal rate of return. 

Until you are doing them regularly, I think my feelings are normal. 

Is this normal? 

However, interest and property taxes are still deductible as itemized deductions on your Schedule A.Rented for an Average of 7 Days or Less: Under normal circumstances, rentals are treated as passive activities, which are reported on a Schedule E, and net profit from the rental activity is not subject to self-employment tax.

Ill PM you an address of one recently and you won't find any homes near it that would qualify as a "normal" comp. 

One of tenants takes, in my opinion, normal care of the bathroom and the other prefers it to be absolutely spotless and doesn't seem to grasp what he was getting into by sharing a bathroom.