First Investment, Need Critique Please

[MANUEL VALBUENA]

I found a MH/Lot i can buy for $30,000, the land tax ***. is 32K, plus the MH. Home is worth maybe $10K
I plan on Buying and holding for now.
My total investment after a few repairs will be around ~$5,000

My plan of attack is:
Mortgage Pmt will be $190 for a $27K 30yr Note
Annual Taxes are $280
Insurance will be ~$500/yr.
HOA is $20/mo for access to the boat dock and "club" which is nothing really.
so I'm looking at a monthly Payment of ~$300 PTI, w/o PM.

I have a Renter ready to go @ $550/mo and has $1,500 to put down for a rent to own or simply for rent payments.

@550/mo rent I am keeping $250ish, say $200 just in case per month. I will be splitting this with my partner investor.

I don't want to "Crash and Burn", please comment below.