My main concern is lawsuits due to accidents because of this associated water source.

As an added benefit—as you tour deals you are building relationships with the brokers and building that trust that gets them to recommend you as a buyer to their sellers.If touring the properties is too much workload or travel for you, get a partner and make that their role; while your role is sourcing deals, underwriting financials, and making offers.

What data source are you using for determining rental comps?

In general just knowing what the prices in your area is the biggest  factor. 

Received a $1M offer on a 16 unit building that I purchased back in March - leaving me with a nice profit.However, I am expecting 30% in short term capital gains between the state and federal and a prepayment penalty of $6000.00.Thus, unless I can 1031 into another deal...this transaction may be tough to put together.Any ideas on how I should source deals and find a way to defer my taxes?

To me, life has always been about doing something that I truly enjoy, while trying to set myself up for long term financial freedom by creating multiple sources of passive income.

The biggest issue is making sure you are following local codes and laws.

Some items to consider are accessible path of travel (gravel is not going to cut it), potential elevator, potential historical preservation involvement, and the biggest issue is if a business can garner enough clients to cover the cost and still make a living. 

Exhaust your no/low-cost education options before spending a lot of money; there is lots of high quality content available for <$100.Books: Mobile Home Park 10/20 Investment System by Dave Reynolds, Frank RolfeMobile Home Wealth Part 2: How to Become Even Wealthier investing in Mobile Home Parks by Zalman Velvet, Stuart SilverThe New Investor's Guide to Owning A Mobile Home Parkby Laura Cochran, Erin CochranAlso check out The Mobile Home Park Academy and Mobile Home University websites for their free “biggest mistakes” eBooks.Park Place Education has a free eBook available on the site.Podcasts: The Mobile Home Park Investing Podcast with Kevin Bupp and Charles DeHartMobile Home Park Investors with Jefferson Lilly & Brad JohnsonMobile Home Park Mastery with Frank Rolfe Mobile Home Parks In Real Life with Ryan NarusWebsites/Blogs: Park Street Partners - http://parkstreetpartners.com - This is the investment firm run by Jefferson Lilly and Brad Johnson.

Hello everyone,Cashflow isn't my biggest priority but I want a balance between cashflow and equity.