You're right to approach RV park investing with eyes wide open—it’s a unique asset class with strong potential but also a specific set of operational and regulatory complexities.

Investors often buy doubles in Orleans and then house-hack or rent out both sides.Strategy fit: If you’re looking for appreciation and don’t mind more management complexity, certain parts of New Orleans can make sense.

Here’s the breakdown:Demolish 7 Manufactured Homes & Convert to RV Sites:Cost: ~$60,000 for demolition and RV site preparation.Expected Income: 7 sites at $700/month each = $4,900/month.Address Squatter & Renovate Third Home:Cost: ~$30,000 for squatter removal and renovations.Expected Income: Rent at market rate of ~$1,500/month.Renovate 3 Cottages:Cost: ~$50,000 per cottage ($150,000 total).Expected Income: 3 cottages at $1,500/month each = $4,500/month.Renovate 2 Occupied Homes:Cost: ~$25,000 per home ($50,000 total).Expected Income: Increase rents to market rate of ~$1,800/month each = $3,600/month.Financial ProjectionsTotal Investment:Mortgage: $500,000.Renovations & Development: $290,000 ($60K RV sites + $30K third home + $150K cottages + $50K homes).20% Contingency for Overages: $158,000.Total Estimated Cost: ~$948,000.Projected Monthly Income:RV Sites: $4,900.Third Home: $1,500.Cottages: $4,500.Renovated Homes: $3,600.Total Gross Income: ~$14,500/month.Projected Net Income: $9500/month after expenses ($5,000/month carrying costs).Timeline: Approximately 2 years to complete renovations and stabilize income.My ConcernsI’m hesitant to pull the trigger on this deal due to the high upfront costs, the complexity of managing renovations

Baselane seems to be gaining a lot of traction, especially for investors who want solid accounting tools without adding too much complexity.

The complexity and lack of control just aren't worth the tiny fee you might get.If you are committed to the initial hustle of finding deals, you have two better options:Go All In on Wholesaling: Control the whole process, secure the contract, and get paid for your work.Focus on D2D (Door-to-Door): If you want to bird dog, do it intensely in a local market, build relationships face-to-face, and generate instant value for a trusted, local investor.I wasted months trying to do a hybrid model that gave me all the work and none of the reward.

If the returns are all relative, I would go with a single property to minimize management complexity.

They’re frame of reference seems to be the rentals they and their friends had in their late teens and early twenties where they broke the lease in a low end high turnover apt complex and management had made the decision that doing anything more than sending a few threatening letters to people with no assets was not financially viable.  

I have so many questions about all of the overwhelming complexities of building wealth.

It is normally easier to work with contractors who have the financial means to accept these terms in larger or more complex projects.

They age the barrels on ships at sea and it has a very complex flavor profile that is very salted caramely to me, I only drink it when I hit milestones or goals!