I perhaps naively went ahead with the registration and inspection after completing purchase of the home, and wound up with a hefty repairs bill of around 3k.

We had previously agreed for a walk through on 31st May, but he hadn't completely vacated.

.: That sounds very similar to how I operate.

Until you see the property in person the numbers are completely meaningless unless you have a working relationship with that listing broker for years.

Absolutely.If a landlord is listed as additional insured (rather than additional interest) they cannot make a claim against one another's liability policy for damages - it could completely jeopardize the coverage they think they're making it easier to get. 

Purchase price: $630,000 Cash invested: $120,000 Completely gutted this property, brand new electrical, furnace, propane, finished basement to create separate unit.New garage with rental unit.

In his experience, Memphis’s higher-than-typical rent-to-price ratio sounded great in theory, but property management turned out to be a huge factor-especially if you’re not local.

The person who told me that they couldn’t do anything about it on the phone didn’t sound like they were the authority on the subject, but rather just that they didn’t know how to.

The park owner will want a bullet proof guarantee that the home will look great when completed and you will be on the hook for the space rent as negotiated until it sells. 

Building a track record and capital is key, and it sounds like you’re off to a great start with Bigger Pockets.