Most insurance companies won't insure them, and most lenders are hesitant to provide financing for them, which makes the sale even more challenging.There are, however, investors who specialize exclusively in mobile homes.

Unsure of how to proceed logistically.

Which means, as long as the total gross rent covers, the anticipated principal interest taxes, insurance - you will have a greenlight for funding, good luck!

Just have top notch insurance and get an umbrella to cover yourself.

It is a standard expense to the partnership, similar to insurance, taxes, etc.

We have 3 single family houses in Indianapolis, and our current insurance (we’ve used them for 17 years!) 

From the sounds of it you are probably barely over breaking even on this and would stand better selling and using the proceeds, but that is specific to your market of course whether better properties are available or not.

Leaving me with a payment including taxes and insurance of about 1600 a month for another 30 years.

Rapidly escalating HOA fees, special assessments, and large insurance premium increases may contribute to substantial drop in affordability and impact valuations.

HOAs suing insurance companies, residents suing HOAs.