I hope this helps.

This house has several major issues wrong with it but there are 2, I am unfamiliar with. 1.

If the land is in a suitable location, this could open up opportunities for developing 2 homes or even selling off one of the lots, which could lead to a good profit.

Purchase price: $450,000 We bought this park for $450k.

Please use an attorney to write these documents - this is the equivalent of going to see a dentist in the van down by the river - it's great until something goes wrong and then you could be completely screwed 

This is a great place to connect and learn from others. 

The question being, does this still hold true for Arizona?

You are definitely going to want to get a lawyer and as soon as possible.This will sound harsh.In your story, you have made a number of very poor decisions about how you purchased and managed this property. 

I checked this out and it looks overpriced without having any other info.

I do this when I have a problematic tenant that may push back.