Mobile Home Park Deal Analysis....Please

[Marty M.]

I am in negotiations with a guy who owns a 4 lot mobile home park. He has had no vacancy in the past six month and averages about 3 weeks of vacancy per year. His costs are $800 per year in property tax and $40 per month for water. He owns the mobil homes. He has owned this park for 15 years. He is going through a prolonged illness that doesn't look good. He wants to unload some responsabilities. He owns the property out right and it cashflows $1400 per month.
He wants to sell it to me for
A) $65,000 clear or
B) $55,000 with $10,000 owner finance

Now, I have absolutely no idea where I would get that money, but I'm hoping someone on here can point me in the direction of the right questions and things to think about. If I bought it, I think I would Lonnie deal the homes.