One thing I did with my first park is I offered the seller a higher price with a lower CAP if they carried the contract. 

And it may be worth it to carry over those losses.

If you are carrying a high note and this is indeed your only investment I do not think there is an issue keeping this in your name. 

Both carry risk, in my opinion, the former more so and the latter is the better route.

If it sells they will not let it carry forward. 

While the terms might be different from traditional financing, private money lenders can provide capital when you don't qualify for conventional loans.Creative Financing Techniques: Learn about creative financing techniques such as subject-to deals, lease options, or seller carry-back financing.

This does not mean the buyer/borrower will default on an owner financed carry back mortgage.

Carrying on without facing the challenges could very well mean the end of your career.In the Real Estate world, sure reputation is also on the line, but so are the monetary investments regardless of how large or small.

Normally (yeah, bunch of income limits), passive losses can't be taken onto your main return, but are carried over year over year until you have net passive income to offset.  

It's a good rule of thumb to follow mate.We always get caught up on the potential of a deal or business and don't focus on a "worst case" scenario.Experience has taught me to become a "Negative Nancy" first and evaluate the downside from a risk assessment standpoint.I would always get too carried away and am optimistic and easily influenced to believe in the best in people and ventures.Only to get my A$$ handed to me on a plate.Well not anymore... lol