Additionally, since this project is already in flight, you run the risk of mechanic liens taking priority over your loan as they can backdate the lien to when work commenced. 

Some investors will find a mobile notary that is willing to hand over a check to the seller, on the buyer's behalf, once the seller has signed the deed.

I am looking at a mobile home park that has (5) mobile homes on it. 

I guess your risk is losing the land if the construction loan defaults, or perhaps being dragged into any mechanic's liens from subcontractors, but hopefully you can figure out a way up front to be indemnified on that.

I have always wanted to own a mobile home park in Lincoln city or cannon beach. 

I think maybe you should consider land, or mobile homes.

Being mobile doesn't get around all zoning. 

No value add was needed, I did toy with the idea of moving a mobile home to the property.

Mobile  home park, yes.

In fact, depending on the fact pattern  even negligence may only lead to representation as the carrier will agree to defend the insured under reservation of rights.It's very important for real estate operators to understand the role insurnance plays and the mechanisms of coverage and relationship between transactional participants.