Basically what I'm asking is how are people doing the buy and hold on 4-5 units and affording it while there are vacancies.

Leases are basically personal use vs business. 

Hey Mark, yeah I wish it was NNN believe me BUT it basically came down to me getting a tenant.  

I was basically just curious if anyone else has experience in this hybrid type of park and/or could give me any local area advice/expertise.The property is 1/2 mile from Lake Conroe so I'm confident the "vacationing family" or "Houston commuter" would be enough to fill the units.  

Plus doing the basic in the basement. 

Congrats and good advice above Jorge, and as a brand new landlord, take a look at IRS form schedule e for some basics categories of deductions....I often tell people if you do your own taxes and have itemized and handled some more complicated worksheets, deductions, and credits, then you may be able to go diy on taxes for a couple of rentals with some good resources..but if you have not done taxes or just simple 1040 ez stuff, I would use a cpa with some real estate background in helping  small, residential landlords..best of luck

Interested in the concept of seller buyer contract sales but still only have a out 5,000 for down payment so that may not be an option. 

It's basically the way the IRS tracks how much of your lifetime exclusion you have left (currently $5.43MM).

So for some constructive feedback here Is mine1. the letters are all canned someone on BP or some other place has written stock letters and wholesalers not really having any original material they just copy what they read from others.. so all these letters basically say exact same thing and scream of form letter from newbie.2.

I have to give credit to BP's "Ultimate Beginners Guide" for really getting me acclimated to the Real Estate Investing world and getting some quick general knowledge on the basics with tons of links to more in depth guides, blogs, articles, etc.