We negotiated a deal with the owner for 20% Equity, we are responsible for infilling the community as well as property management (which we also get paid separately for).

Heck I bought a “four plex” where there was an “owner’s storage area” exactly the same size as the other 4 units. :-). .  

Many DSCR programs require an investor to have a mortgage history- there are some DSCR mortgage programs that will work with investors who are renting- some refer to them as first time home buyers (FTHBs)- DSCR loans are only for investment properties where the owner isn't living there. 

Sorry ... gotta ask a "dumb" question here (I've never looked much into MHPs) ...Don't the home owners own the mobile homes while the park owner owns the lots and everything else?

I'll introduce you to the owner of MR Qualified Alternatives.

And if a property is owner occupied, how can you secure a loan with a hard money lender not being able to view the home to estimate repairs?

https://treas-secure.state.mi....some things to keep in mind:-Non owner occupied properties pay 18 mils more in taxes in Michigan - Even with the SEV you should plan that the SEV will go up.

Starting with an owner-occupied duplex is a smart way to build equity and gain experience.

The owner does not want to extend the debt for 30 years.

You will need to justify the sale price of those assets to the new owner at their then current value on your books.It is a big hassle to do this, but it can make you a lot of money if you do it right and are careful in your record keeping.