I’m just debating whether the upside potential is worth the dig to get out of the red initially.The PotentialI see myself filling up the park with a diversified mix of old to new homes, “renting to own” each, and raising the lot rent to market ($250).

Be bold!

I’ve also added some questions in bold.

I didn't see any red flags in your analysis. 

Unfortunately, when things like this happen and you’re going through several layers of people, you’re probably the best one to cut through the red tape and get the right people on the phone to sort out the situation.

Two days after the meter was replaced I just so happened to check it and thr black and red dials were moving without any water on in my home.

Obviously you don’t want to pick a market that has a ton of red flags but every market has positives and negatives.

If they don't have one that would throw up a red flag for me.As for the contract itself, owner-PM contracts have a regional touch.

A few snags developed - the shop needed extensive work so instead we had to tear it down and built new AND we had some red tape to convert from septic to city sewer.

Or is this a red flag that there isn't a lot of demand?