He was confused as to why anyone would finance a property for 0% interest, but was more than willing to participate.

I think the ability to participate in auctions is important for this.

So you can't say that the deal does not have potential, but you have to address the realities:1) The seller will HAVE to carry the financing -- no bank will touch this.2) The seller will have to structure the note to match the park's cash flow, which means low rate interest only in the early years, and probably zero down since you need the capital to make repairs.3) To make sense of this deal, you'll need to do market comps and the lot rent in the market needs to be around $300 to give it the extra value boost you need to make it compelling.In these type of "heavy lift" turn-around deals the seller is going to have to be an active participant in the way it is structured.

I like the transparency required of REITS and that it allows you to participate, to various degrees, in the multiple layers of benefit of real estate investing.

Seems like documentation (timelogs, etc) is very important in case of audit, as well as meeting the IRS-defined qualifiers (material participation of 750+ hours and over 50% of work done in real estate). 

It’s one activity or sport that people have been able to participate in.

For those respondents who last year made more than $75,000, the sentiment index of current business conditions barely budged during the third quarter, rising to 60.9 from 60.8.

If people don't fill out an application and you've made it available along with the opportunity to pay a fee, I'd leave it at that beyond the bare min:1) More you say, the more "gotchas"2) You need to tell EVERYONE the same story, saying less makes it easierI wish it was otherwise, but there are plenty of tenant attys out there and as a landlord, you don't get ONE screw-up if you have to go to the mat.

We figured this was a more manageable and realistic way to start, though I'm a bit worried that we are purchasing it for just barely under market value because prices are so inflated right now.

I bought a single family in a Rochester suburb for under 100k, rent it out for 1275/mo. and just barely cashflow.