Hi All - I am on the search for a commercial lender near the Muskegon, MI area with an appetite for multifamily properties!

With the market the way it is, selling a property just to buy another is probably an expensive option, especially in Huntsville which seems to have suppressed returns right now (I've only analyzed a handful of deals from there though). 

Been there done that.Our town decided that all multi's required a fire safety audit & the Fire Sprinkler System we were required to instal eliminated the need for many expensive tedious upgrades to 'suppress' a raging fire.

There are few companies out there who have an appetite in general for habitation. 

@Chad Demoss: The number one question to ask yourself BEFORE investing in the City of Detroit, is what is your appetite for risk?

However, developers can sometimes overbuild such that all of their new apartments suppress rents and occupancies of their competition.

You can find out which banks have a strong appetite for 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 and just calling them to see if they are bullish on parks. 

Local laws can not suppress HUD regulations.  

I spent all of my early 20s traveling Europe and working odd jobs and fighting wildfires all while never finishing my degree in computer science.Since then, however, I have reached mid-20s-dom and have developed a bottomless appetite for financial education.

Make yourself familiar with what is and isn't covered, so you can make an educated decision on the level of coverage you want based on your risk appetite.