That type of issue may keep recurring and you may be forced to cut open walls to replace. 

We also like to sit down with the current manager and go through everything related to how they are running the park (collecting rent, problem tenants, sales of homes, marketing efforts, recurring maintenance items, problem areas in the park infrastructure, etc)Compliance - this includes everything related to city, county, and state compliance to continue to run the property as a park.

If you have any doubts....here's the exact verbiage from Fannie Mae:B3-4.3-15, Borrowed Funds Secured by an Asset IntroductionThis topic contains information on borrowed funds secured by an asset, including:• Borrowed Funds Secured by an Asset• Secured Loans as Debt• Reducing the Asset by the Amount Borrowed• Documentation RequirementsBorrowed Funds Secured by an AssetBorrowed funds secured by an asset are an acceptable source of funds for the down payment, closing costs, and reserves, since borrowed funds secured by an asset represent a return of equity.Assets that may be used to secure funds include automobiles, artwork, collectibles, real estate, or financial assets, such as savings accounts, certificates of deposit, stocks, bonds, and 401(k) accounts.Secured Loans as DebtWhen qualifying the borrower, the lender must consider monthly payments for secured loans as a debt.If a secured loan does not require monthly payments, the lender must calculate an equivalent amount and consider that amount as a recurring debt.When loans are secured by the borrower’s financial assets, monthly payments for the loan do not have to be considered as long-term debt.Reducing the Asset by the Amount BorrowedIf the borrower uses the same financial asset as part of his or her financial reserves, the lender must reduce the value of the asset by the amount of proceeds and related fees for the secured loan.Documentation RequirementsThe lender must document the following:• the terms of the secured loan,• evidence that the party providing the secured loan is not a party to the sale, and• evidence that the funds have been transferred to the borrower

Your buyer list isn’t worth much and your business is too dependent of your unique skillset (or the skills of a few team members), unlike a brokerage or a property management portfolio, there’s no recurring income if you don’t show up to work tomorrow it is likely that the business will not last a few weeks/months.

BTW a "pro" in REI has about $500/mo in these recurring expenses PLUS $1k to $4k (or more) in actual marketing costs.   

It seems a recurring theme that networking is key to finding deals outside the MLS among those listed by @Ronald Allen Barney I've heard RE bloggers, those with website bios, those participating in forums such as this, and in person discussions as being ways in which people get to know you and begin to develop a sense of who you are, so later they may think of you when something comes across their desk.

That, and the closing costs, would mean a 75% of my savings.I had been reluctant to surpass the 50% of my savings, thinking in the next property that I may buy later on, but since it is so hard to find a deal like that I been thinking about it.That is why I am recurring to this space for opinions about it.This is my first post by the way.

Also, I'd rather not have the recurring expense.

That was the one recurring complaint that came up over and over. 

Recently purchased a property that I am House Hacking and looking for advice on which credit card would be best to get to cover recurring utility expenses, maintenance expenses, and future capital expenditures in order to maximize rewards/cash back.