Being it was my first property when just moving to Denver, I didn't have a lot of initial capital so took a while with the rehab and worked for my situation at the time anyway.

My main issue currently is having the capital for the upfront costs, I continue to save so one day wont be an issue but could get started sooner if working with a partner.

Maybe if you could negotiate a smaller price and sell/give the homes to people to live in that will pay you rent could be a faster and less capital intensive way to get the park up and going. 

@Ryan ThomasRetain receipts, maintain a log (who, what, when, where).Doing the above doesn't necessarily mean the trip is 100% business, but will help substantiate the parts that were business.Also, it's very possible some of these expenses will have to be capitalized and won't be able to be "written off".

@Mark McGuire I would think through whether you really "need" that 18k back. 18k is not that much in the grand scheme of things, and the cost to do a re-fi to get access to that capital would probably be around 4k or so.

It is this high demand for value add assets that is fueling the MF markets in this cycle, which is compressing caps in primary markets which in turn is forcing capital to seek investments in secondary and tertiary markets.

I sold a primary residence this year and am not subject to capital gains taxes.

I do not have the capital in the property as is (only about 25% equity based on recent sales of three families in the area) and my primary home I am unable to tap into for an LOC due to being over-leveraged according to my bank. 

The furnace was about $2300.Can I expense the furnace under the de minimus safe harbor election (because it was less than $2500), and then capitalize the air conditioner (because it was more than $2500)?

One for you to move out of California to lower your income and capital gains taxes, exchange them in to something else, or sell one or two if you need a lump sum.