If you get a good deal on the price, my suggestion would be the second route to finish the renovation and try to sell.

Biggest takeaway is that their first phase will be the "downtown" area.

Want to say a general and huge Thank you to these forums, even before being a "professional" of the industry, this was somewhere I enjoyed posting and meeting people when I had my W2, and continues to be the "benchmark" in the industry for me. 

But, if you’re in it for the long haul and have the resources, flipping might be the better route.

I am surprised they didn't give you a short list of their "approved" managers :-)Never heard of/seen this before and I'm in a State where you'd expect it.Maybe try to talk with a few managers and see if some of them have a very basic plan - where you pay just enough for them to be the point of contact but you do as much as possible if that's what you're comfortable with.

But your logic makes sense.I would be a bit nervous about mobile home parks just because they tend to be of a poorer demographic, who tend to be the ones most likely to be unable to pay when the recession takes a turn for the worse.

Finding the ARV and calculating holding costs tend to be the bigger challenges for most flippers.

It seems to me that your favorite title company would be the best resource for solving a lot of your closing processes. 

In our experience, infill development—especially single-family detached and attached homes—has proven to be the fastest and most profitable strategy in markets like Columbus, Ohio.

Looking for some input...I'm working on educating myself more when it comes to various tax benefits and trying to decide what would be the best route for me moving forward.