Make sure you don't stretch yourself too thin and you have money for repairs.

Id recommend trying to stretch the budget to $100k and look in Hazle Crest, Chicago Heights, Glenwood, Thorton, or South Holland where you can find 3+ bedroom that only need cosmetic updates but can still rent for $1500+/mo

Of course realistic but stretch goals are the best not some pie in the sky goal.   

I even had this bank lending me over 5 million dollars to do hard money loans in the deep south... ( which was a stretch for a community bank)..

A lot of people are stretched to the max as is, with rising costs they will begin defaulting on more mortgages creating more foreclosures.

I don't see this as low hanging fruit at all, would definitely be a stretch. 

No sure why the disparaging comments to other careers, I'm sure it's not a stretch to label being a police officer as nothing magical either if you consider the job as riding around in a car all day.I'm personally of the notion that no job or career is very difficult, the distinction of ones accomplishments as any business owner, is based upon individuals and their accomplishments, their ranking in the market position etc..Just to distinguish a business owner from an employee puts the most lack luster business owner head and shoulders above the average employee just in terms of the business owner at least has something at risk everyday, is responsible for creating jobs and supporting employees and their families. 

And I was not able to ascertain your seller (park or private) but if private they've already paid their lot rent for this month (unless delinquent) so it's usually not a stretch to date a contract/option to the end of the month to "make a clean sale".And after re-reading your last post, yes if you intend to owner finance you'll want to hire a "licensed mortgage originator" or an "attorney" to close the deal for you.

But nice to know there are still some lenders who will let investors stretch their capital on 'commercial'/portfolio loans

To me it sounds like you would be stretching too much to make it happen.