Little Rock is repeatedly noted by investors as having a difficult time finding good property managers.

.- I tried to call around to get references and could not find any; That should have been a red flag.- The second call you get is from a guy working out the payment.  

National Parks are mentioned above - everyone knows the Smokies, Yosemite, Yellowstone, Zion, Grand Canyon, but have you heard of New River Gorge, Mammoth Cave, Pictured Rocks National Lakeshore, or other lesser known but very well visited national park sites?

At the same time they red tag abandoned homes that aren't safe and make the owners tear them down in hilltop.

Most investors try and take advantage of the Primary Home, Secondary home program without concern.When you buy too close in proximity and too soon in terms of sale date you trigger red flags. 

Use the product "Red Guard" before tiling and be sure the returns and sills are prepped this way.

Orange is communications (red=elec, blue=water, yellow=gas, green=sewer, forgot what white is).  

There are just too many red flags here (including your inexperience) for this to be the right first MHP deal for you.Attend F&D's bootcamp (www.mobilehomeuniversity.com), get educated.  

Red flags to avoid?

Lots of issues to consider like title insurance, due on sale, comingling of funds, IRS red flags etc.