Also, if you are relying on the information someone shared with you to arrive at the conclusion presented in your first forum that’s a red flag.

Start by getting a red pen and writing on the envelope the missing info before sticking it in their box.

While I cannot conclusively comment on the legitimacy of their operations, several red flags became apparent to us.

Want to make sure we have good coverage and not missing any hidden red flags since we are out of state investors.

Sounds like a hard money lender that wants to take a property from you when you default.There's a lot of issues here starting with a guy that will loan you money and once it gets difficult wants you to abandon ship- red flag.There are a lot of unknowns here but trying to dump it seems like a 100% guarantee to lose money.

Setting aside what you say is drama there should be a number of red flats regardless.

Red flag to IRS if you try to deduct the taxes and insurance on the LLC tax return.

Given the above current owner is in the red every month $350 and is asking $475,000 for the park.If I am mistaken on any of these assumptions please let me know as my comments are based on these assumptions.From what I am seeing the seller is way out of whack with their asking price. 

I will ask for every red cent I can make the market bear for it.And if my appraisal comes in low, I will absolutely argue about it until I've either gotten my way about it or had the appraiser tell me that under no circumstances will he consider further re-evaluation... and I've had it go both ways.Am I nice about it?

This always screams red alert when they already can’t pay something