Given the current NOI of $19,440 and a reasonable cap rate of 8-10% for a park with park-owned homes and septic systems, a fair price would range from $194,000 to $243,000.

Chances are this is NO deal property as the X will want their fair share and a fair market appraisal will need to be done and the equity split equally.   

You could create an operating agreement granting one of you the powers - but it is a fair amount of energy/time/activity for someone to manage and find deals.

I would also join a bunch of Investor groups via facebook and try to connect with as many people as you can. 

That way someone bringing a service dog, which is not considered a pet, will have fair warning of the danger. 

For those more entrenched in the Denver development market than I am, is this a fair trade for the city and for the developers?

@Jason Burkart To maximize tax benefits, consider buying the property as a rental and leasing it to your mother at fair market value (FMV).

Collecting rent rolls, walking properties, learning who's doing the best in our sector/niche and how they're doing it, finding partners, all of these things I'm fairly good at, as I've been doing this for my recruiting agency for the past 3 years.

Seems to have a fair amount of MF properties like your description.

In the meantime we are talking to the property manager to find other STR's in the area so we can support a fair market STR rent.