And since HOA dues ALWAYS go up (usually annually), I'd put the brakes on this one.

Especially on carpet and padding. 

4) Given that you are buying the property as is and do not have a chance to see what kind of condition the property is in on the inside, how much to you pad your purchase price to account for that kind of thing?

Putting a pad in will make the shed last and not rot/fall over forcing you to remove it.

Sickness is the family or you fall and brake a bone, car wreck ect.

I've bought 3 in the past year from auction.com, all great deals -- a tear-down house on 4 acres for $17k that I sold for $35k, a SFR for $38k that now gets $850 rent after some rehab, and a doublewide on 1.5 acres for $7500 -- I'm practically giving the doublewide away as a short term capital loss, and renting the land for someone else's doublewide at $250, and adding pads for two more.

No job and reduced cash flow tells me to put on brakes until you figure out how to earn more money.

There is still plenty to brake, and remember that if that pool breaks - you're likely to see an additional fee from the HOA.

Many parks are all electric as they don't want propane tanks at every pad, but some have gas/propane.

But since we didn't have the right brand of pad locks to put on the door, they refuse to pay us for any of the work.