The park owner is dealing with some legal issues related to some of the units that he tried to argue to the court, that he wasn't really selling some units, but had merely recorded them on the wrong documents.

I suggest you complete your profile and upload a face pix.For clarification, you don't 'have' a property, but merely identified a 'suspect'.You need to research title via recorded documents.

Ended up losing the same amount of money and merely dragged out the process.  

I've considering along the lines of option 1 but it's just been too unstable, odd, disengaged from the economy, etc. for me. RE

Half way through this one, and it is helping me re-evaluate what I am doing, and where I am going.

I don't disagree that's the correct way to do it, I merely pointed this out as sort of a psychological trap that's easy to fall into.  

Account Closed - If you are merely wholesaling the property to another investor, what's wrong with the deals in rougher parts of town?

t hits the fan like in 08-09, theses folks will bail on these units in a heartbeat, hurting the market for locals...wealthy or merely upper middle class. 

It is not merely "risk money" although working primarily with new investors and funding with no down payment and extending funds to those with bad credit does entail more risk and this does help defray part of that.

In a mere five years the first class will have withdrawn 20%, second class 16%, third class 12%, etc.