@Curt Smith and @John Arendsen I agree with both of you that some of the education related to mobile home and park investing can be overly optimistic, out dated and potentially risky for a new investor.I have several parks and have been very fortunate that all of them have done very well. 

Further, we have a buyer with a very low cash investment in the property and a buyer who could not qualify for conventional financing, also not good.So without knowing other important information, I am going to say that a market value (what someone will pay for this note), is, very optimistically $80,000 (VERY optimistically!).

Being the optimist, I decided to find it. 

People seem to be optimistic on neighborhood forums that it is headed in the right direction, but every time I drive through there, I'll admit it's hard to envision.

It will take you at least 30 days to get the lay of the land, optimistically at least 90 days to learn their system and see how some deals progress, which leaves maybe 3 months for you to add *some* kind of value before you leave. 

It will, in fact, take you in the wrong direction, even with some fairly optimistic assumptions about expenses.

Your plan is very optimistic and your two biggest risks in my opinion are a market crash and vacancy/non paying tenants, specially if you plan to take out mortgages for all these properties and hold them long term.

You and the two posters above reminded me of this quote from Winston Churchill “A pessimist sees the difficulty in every opportunity while an optimistic sees the opportunity in every difficulty.” 

Stay positive and optimistic.

If you assume an optimistic ratio of 40% for expenses (because you're managing it yourself and you have no "vacancy" on the unit with the lady), that's $900/month.