However the building has very good structural bones, and the boiler system, fire suppression, and elevators are all in surprisingly seemly good condition.  

Only you know the combination of time, money, and appetite for risk to find that sweet spot for real estate investing.I might recommend you think about a few things:1.

Was informed that they currently don’t have the “appetite” to lend to out of state investors (was told it was a different case couple of years go).

What is your appetite for rehab? 

I’m young, single, solid income, no obligations – my risk appetite is quite high so I intend on being aggressive in my investment strategy. 

It all comes down to time, money, and appetite for risk in my opinion (I'd add genuine interest, but the fact that we're on a BP forum likely means you're interested in the mechanics of real estate instead of just seeing it as another investment tool). 

It all comes down to your risk appetite and long-term goals.

You can find out which banks have an appetite for mobile home parks by asking the MH/RV brokers in your area, networking through other owners of parks in your area, or simply obtain list of the smaller banks in your area/region and call them to see if they have lent on parks in the past.

The house looks like the start of a Hoard.The settlement also suppressed the case so tenants wouldn't have eviction on their records.

I don't see anything hitting commercial as far as usage goes until your building requires fire suppression systems.