I don't personally mind college rentals, just having the parents co-sign goes a long way for preventing damage or at least having it reimbursed later.

DO NOT USE A PRESSURE WASHER . the oil soaked into the asphalt , if you pressure wash it you will blow the oil soaked asphalt away , making a hole .Call a professional seal coat company . one that uses coal tar , or asphalt emulsion .

The exception had original cedar shakes and they just replaced them with architectural grade asphalt.

We still have to repair some holes in the ceiling and wall of that room where we had to cut out drywall to repair the leaks, but at this point I'm just relieved we've prevented further water damage. 

This is an issue because I was looking to setup a LP with myself as general partner and him as a limited partner and keep his name off the title, thus eliminating his liability, but this is preventing me from doing so. 

Having a RE Attorney will save you money in the long run because they will prevent you from structuring the deal wrong.

It will prevent you from flipping it to a normal buyer because they will not be able to get title insurance until the statute of limitations expires for claiming an interest in the property.

Generally speaking if it isn't friable or broken up then many people in my area just keep it painted well when it's outside which prevents it from becoming damaged/airborne. 

I am an extremely motivated individual that enjoys challenges.Just flat out, are there too many liability issues to having me tag along and help out that would prevent me from being able to obtain this goal?

What you think of when you visualize a mobile home park may make it unappealing, may turn you off and prevent you from benefiting from the park's potential as a great investment.From an investor's standpoint, we have found that there are many reasons to LOVE mobile home parks.