If you’re making a return higher than a bank CD you can support a mortgage.

MF, but it's more about what that particular market supports.

You will also need different levels of staffing to support the various strategies as you are already realizing. 

If these folks owned their own home prior, I would probably take that as them having better credit at that time even without a credit report to support it. 

Stack up the cash flow and dip into that as needed to support the asset.

That being said, if I were the tenant, I'd say they were emotional support and then NOTHING can be done.

Thanks again for your insight and support, and Happy New Year to you as well! 

Determine if the area can support new construction.

Best of luck with selecting your market—there's a wealth of knowledge and supportive investors here to help guide you along the way.

This would further support the recommendation to negotiate a step-down mortgage structure, such as tiered payments or interest rates, to reconcile the seller's valuation expectations with the practical realities of the park’s financial performance and provide a feasible acquisition pathway.