I suggest you look into commercial lending, to learn about it before you require it, and start looking for people in the lending space who can assist you as you move forward and with whom you can develop relationships.You now have mad skills and experience doing the whole demo and rebuild, and if you can repeat a few times, your one deal enables you to add a couple others.  

Hi,I'm pretty new to the real estate space.

They bought the home and have had no complaints to my knowledge.With regards to wet basements and crawl spaces, many times the simple solution is to correct drainage around the exterior.

But we live in an imperfect, often overly-litigious world where many people have problems with alcohol and could be triggered or even be at risk of ending their hard-fought sobriety by the unexpected presence of a bottle in their living space.

My other question is what type of building is this and where is it located that a 7,000/sf space is only $2,000/mo.

Outside common area space and furniture got upgrades too.

Having been in the lending space for a while now,  Interest income is not passive - its considered/taxed as ordinary income- just like interest you receive from your bank and savings account.Regarding profit and expenses from a flip, "that depends" on many factors but again if its short term capital gains, its not tax friendly.As always consult with your tax advisor / CPA. 

One of the most difficult parts of mobile home park investing is filling vacant spaces.

I look at our direct competition and we are still the best value on the lake for the space.

Either way buying it and having on site will save you time and labor costs provided it fits the space and works with the existing drain.