Now you have x% of your original property equity, less cash-out fees and however much you need to pay to service the original loan while you're doing business development. 

So, if a developer comes along and buys the mobile home park you will lose your entire investment.

The city's macroeconomics is looking great - lots of population and job growth due to the booming tech scene and many companies choosing to move and develop here.

Do you plan to further develop the agent side and turn that into a full time thing?

Your development deal will look much like a flip in the eyes of the IRS since it is 6-9 months as well you'll have the short-term side of taxes, not the capital gains taxing on it.  

If the house is listed as-is, there won’t be much room for negotiation (ie. seller concessions/credits), but you can offer a price that factors in the rehab components.

The critical factor is whether the property owner can demonstrate that the sale or settlement was made under the threat or imminence of condemnation.

It's going to be different for everyone based on their skill set, property, renters, and other factors.

Best bet is likely (not absolute - everyone's situation is different) is to look at a national lender or broker that has options in lots of states - its a great development versus 20 odd years ago, with technology, internet, places like this - can have access to many more options than before (local broker or lender thats it)

They're already there and given the holiday season, probably the traffic is light, so you can chat then up for 10-15m about the area, rental class, as well as any remarkable developments in the area that would positively impact that home/area.