Entire Street Pkg for Sale- Deal or Disaster?

[Sarah S.]

A Broker brought a package deal to me to see if I had any interest since I had been hunting properties near a military base. Pricing is good but then there are these facts:

Lot size for the entire street is 4.3 acres and in the past the street resembled a mobile home park except with small homes. 40 rental units consisting of 24 houses, 6 duplexes and one four-plex. Each unit is a 2bd-1ba except for one 3bd unit. Currently 5 units are occupied with the balance of the units having been condemned by the City. 

What I had initially considered was to go in and rehab each property and rent out each home but then after evaluating, I figured there may be more money made by Owner Financing the homes or outright flip a certain number and keep a few for myself as rentals. Currently the homes were tiny so invisioned a tiny home community which would be the first in the area or tear down and rebuild as many nice affordable 3/2s and 2/2s as will nicely fit on the street along with a 6 plex. I have never done anything of this magnitude and wondering if my thought process that the street has great potential of what can be done and find a mentor or partner to do this deal with or do I get the entire street with all lots and wholesale as a pkg deal or wholesale per lot and keep one lot and build a home to show potential to other investors. I enjoy wholesaling but enjoy rehabs as well and hard work indeed but almost excited about the potential of this deal. I just want to be sure I am not thinking too big.

City has street zoned for Residential or Manufactured use. I welcome any and all feedback. Asking price is currently $600K (15K per door) which I intend to negotiate down.  Seller is willing to 100%  Seller Finance the deal which is one of 2 offers I made her with no pre-payment penalty. 

Keep this deal, run from it, wholesale?

[Gus Kazek]

@Sarah S. That's a great deal if I've ever seen one. The zoning of manufacturing puts you in a unique position. You could make out great if you know of a manufacturer looking to expand. Also the residential side has tons of potential since you are very close to a military base. I'd say negotiate down and develop that sucker!