If you move forward on this path I am sure there is a "How to develop a mobile home park" how-to book somewhere to help some.If it is cash flow you seek you may also aim to invest in some mobile homes already located in preexisting parks to then resell.

We, that is us the investment group resell the homes holding the first trust deed or a land contract...The return on investment is astounding... here's and example:Purchase Price $6000Sell Price $30000Down Payment $1000 (The reason we can sell at this price is the low down and low monthly payments..Cheaper than rent)Hold note for 10 years 120 months at 11%Payment $399.48Yield 95.88% (That's unbelievable)Months until return of initial investment 12.52Total payment $47,937.60Profit $42,937.60But here's the best part..If we want we can sell the note as follows:FULL SELLYield 20%Sell price $20,671.06Discount $8,328.94Profit $15,671.06PARTIAL SELLYield 30%Months 60Sell Price $15,223.54Remaining Balance $18,142.24Total Profit $34,192.74The financing possibilities are endless...

If they're actually buying as a non profit, I wouldn't think they be allowed to simply be reselling for a profit, as there would be no "community" benefit.

So I experienced that one..So my assumption is that you have Note Wholesalers who have the ability to take down a big tape.. then they allow investors to cherry pick the notes IE the little investors or newbie investors that just want to buy one or two notes and from what I saw on some of the tapes I looked at the low value collateral loans sold for very low dollars ( west coast perspective) so an investor can buy a note for 5k or 20k or whatever and give it a go.That's the position I would want to be in.. buy the big tape and then just resell to mom and pop investors and let them go through all the work of reinstating or foreclosing.

If you do wholesale, it's best to be prepared should you not be able to resell to an end buyer in a timely fashion.

I have run into this problem in small towns and it can make it extremely difficult to re-sell to end buyers obtaining conventional financing.Based on the limited information you provided about the area, I would probably only seriously consider purchasing the property if it had really solid cashflow and you were positive you are going to hold it for awhile.It's just my 2 cents, but there is probably a good reason that the lady is so willing to unload it, aside from not having money to rehab it.

If I do get it I'll probably just resell it after a year, though.

Unless the tenants are living in high-end apartments in a fairly large building, I think any type of internet service (fee based or not) will be challenging to profitably maintain for a long period of time.If we, as landlords, offer internet service, we have essentially become value added resellers of the utility provider (i.e. your ISP or carrier).

If I think you're just trying to tie the property for a couple of weeks in hopes of reselling it, I 'm not interested.

I think you're right when it comes to reselling, but could be too risky when it comes to holding it.