Is this purchase on the MLS or through a turnkey company? 

you are going up against people and companies that spend thousands or even tens of thousands of dollars a month in marketing. 

My property manager called (I live in Denver) and told me they got it turned off pretty quickly, but a whole wall's worth of drywall was damaged. 

It's even worse for landlords "The company is also asking for rate hikes of 38% for rental dwellings and 15% for tenants, with the rates taking effect May 1."

My wife and I come from a manufacturing leadership and project management background.

In those cases, the title company guided us on the necessary steps to resolve the title issues, and we did whatever was required to close the deal.

What’s your game plan for managing the park — hands-on or hiring a property manager?  

I'd recommend working with a good strong property manager that lives in that area that can check on them.

If the negative cash flow is manageable and the appreciation potential is strong, it could be a smart move.On the other hand, investing out of state allows you to enter more affordable markets with strong, steady returns, helping you to build a diverse portfolio over time.

There are definitely some hiccups with it being a small company, but I do have to say that their response time on tickets is really fast.