Also remember that it should earn more than you could make with less-risky alternatives.

Alternatively, I would consider solutions where a lawyer was not necessary. 1.

Are there any alternative investments you would recommend me?

Alternatively, some contractors offer financing plans that could spread the cost over time. 

Also, here's an update:Spoke to a Property Management Co. based in Northeast Philadelphia:They said that you will have to wait the 4-6 weeks to get the license and then the Certificate, apparently it does take them that long.I also spoke to a Philadelphia 3-1-1 line Government representative:He said alternatively you can walk down to the Philadelphia Municipals building and directly request for Rental License, however, he warned that you need to bring a MONEY ORDER for the dues as well as it taking 4+ hours on a business day.

However after all the work thats required which includes landscape, parking lot, fencing lighting and interior/exterior work, it looks like the presumed cost of remodeling it will be double that, although Im not positive (still taking bids).Ive priced a comparable property in our area which has similar square footage and lot size and they seem to be going between $700-800k, and so my question is: based on a higher than expected construction cost which is necessary to finish our project, one which will exceed the amount of money of what a similar property goes for in our neighbrhood, should I continue with this project, or an alternative plan would be to simply beautify it for approximately 100-150k and ditch the plans, and flip it instead for approximately 700-800k now that its zoned commercial.My fear is that if I do invest the moneys to finish the project over the budget I initially priced it for, and the business doesnt take off, I would initially lose money on this investment.Thank you for taking the time reading this.

You can plead in the alternative. 

Networking with other professionals, conducting comprehensive property analyses, and exploring alternative investment options such as syndications or crowdfunding platforms can also be beneficial.

It is a natural cycle in which these communities are developed as cities grow.The problem is that Manufactured Home Communities are being closed without alternatives.

Alternatively, you could also reach out to them and try to figure things out that would work better for them, like possibly changing the time that their rent is due.