I think you're on the right track but move slowly until you're educated on the pitfalls of buying the wrong mobile home park.

If you buy right in the first place you will eliminate most pit falls that new investors fall into.Buy right, don't compromise.

Other pitfalls include making sure the basements  have good ceiling height or that will kill the budget to the point it wouldnt make sense to duplex.  

The two pitfalls are over estimating the ARV and underestimating the repair cost.

When wholesaling, we're also supposed to include costs for repairs, to include in the price reduction, so when you find a back end buyer, all repair costs, discount, and assignment fee are all included for the back end buyers.If i'm wrong with what I've thought was the correct way of calculating the costs, for the back end buyer, I would appreciate someone explaining to me, the proper calculations, so I can avoid that pitfalls in the near future wholesaling properties.

They can help you move up rapidly, and avoid pitfalls in your career.

I like the scenario as a first "deal" ...I am in with a trusted partner, it is cheap, it is tuenkey, and i will hold for 15 yrs with the option to use for personal time.ntPlease tell me yours thoughts and any pitfalls I am missing.

What are the big pitfalls you would avoid, and growing pains of scaling to slowly, or too fast?

Any other pitfalls I would have to look out for?

This is a big project with a lot of pitfalls - don't try this one by yourself.