your cap ex to replace underground could actually be more than the value of the park.

You could get an ex-parte hearing in family law by your attorney (assuming you have one) and get into court right away due to the looming foreclosure.The only potential good news down the road...or...I should say less bad news is that if she gets it, you could show the decree to a new lender, showing you are not responsible for it.

Income Evaluation No of Units Unit Rate Income       2 Bedroom Unit A 1                 650.00                                    650.00           2 Bedroom Unit A 1                 650.00                                    650.00 2 Bedroom Units A 1                 650.00                                    650.00 2 Bedroom Units B 1                 650.00                                    650.00 2 Bedroom Units 1                          -                                               -   3 Bedroom Units B 0                          -                                               -   Garage Units 0                          -                                               -                  -   Storage Units 0                          -                                               -   Laundry Units 0                          -                                               -   Comm Units 0                          -                                               -   Comm Units 0                          -                                               -   Comm Units 0                          -                                               -   Total Monthly Income 5                                    2,600.00 Total Annual Gross                              31,200.00 Total Annual Cost / EBIDTA                                9,911.86 Net Cash Flow (Annual)                              21,288.14 Net ROI 42.39% Monthly Cost of Operation By Landlord By Tenent Monthly Annually Monthly Taxes x                                       137.50             1,650.00   (From Historical Data) Montly Space Rent (MHP)                                                -                            -   N/A Monthly Insurance x                                       100.00             1,200.00 Calc'd Monthly HOA                                                -                            -   Posted Monthly Water/Sewer   X                                       320.00             3,840.00 Estimated Monthly Garbage X                                       160.00             1,920.00 Estimated Monthly Electrical X                                                -                            -   Tennant Monthly Heat/Gaas   X                                                -                            -   Tennant Monthly Other Utes x                                                -                            -   N/A Monthly Yard Maint x                                         20.00                 240.00 Estimated Monthly Maint - Op Ex x                                       260.00             3,120.00 Calc'd - 10% Cap Ex x                                       260.00             3,120.00 Calc'd - 10% Monthly Vacancy x                                       182.00             2,184.00 Calc'd - 7% Screening/Tennant Management x                                         20.00                 240.00 Estimated Monthly Management x                                                -                            -   At Risk - Self Manage MONTHLY OP EXP                                   1,459.50 Total Annual Expenses                                 17,514.00 Total annual Debt Service                                   8,452.36 Net Operating Income NOI                                 13,686.00   Net Income                                       5,233.64 ROI % 10.42% Low/Average CAP Rate (Net Income/Purchase) 2.92% Extremely Low  Cash Flow per Door                                       109.03 Very Low  Tax Assessment  Estimated Expenses - 50% Rule                                       159.50 Conservative Banked Amount - CAP Ex, Repairs, Vacancy                                   8,424.00

Ex. 4plex bought near strip in Apr'16 for $170k, comp now $320 to 340k.

I actually think certain types can be decent investments IF you do the homework and read the docs and know what you're buying into.I personally avoid high rises (too much cap ex and high maintenance costs mean poor return), poorly maintained buildings with lots of deferred maintenance, avoid non-warrantable buildings or complexes (hard to finance), I prefer townhouses or 4plex style condos with only one common wall and nobody above or below, that limits neighbor and tenant drama. 

My soon to be ex-wife and I are both on the deed but only I am on the mortgage.

That is a big sticking point with me is the non-compete, but I also will be working a full time job and most of the projects I will be overseeing.We had first discussed a line of credit and I pay pack interest on what I take, for ex. if I bought a house for 70k and needed 30 k reno, I would borrow the 100k, then pay back 10% on that plus 15% of the profit. 

With an additional allowance for reserves and annual cap-ex that may be adequate? 

Ex. does time spent on BP apply??

Is title still under the wife and ex husbands name?