Question is  "can landlord recover damages and lost rents, utilities and advertising in addition to security forfeiture, or must security deposit be used first for lost rents and damages?"

All park utilities are new within the last 8 years.

I would build in a reserve fund for your cash, instead of 53k I would budget for 60k-70k at least in case you run over on rehab or during the 6 months of rehab you have utilities, property taxes, etc. 

@Stephen R.While co-investing alongside one's solo 401k is not prohibited if the TIC rules are followed, utilizing financing under a TIC transaction would run afoul with the prohibited transaction rules.

I plan to utilize a couple of strategies in this deal, such as lease/option, rehabbing (adding value), renting it for cash flow(potentially Airbnb). 

Also you have no expense for insurance, or utilities, and your repair budget seems a bit low.

@Abi Wegman it ensures the trash company gets paid but it can be included in the terms of the lease just like all other utilities here. 

Hi Kevin, I have seen a lot of people utilizing bandit signs, but will want to know what the city / county rules are for bandit signs.

Tenants pay all utilities except landscaping, plowing, taxes($22,600 yearly) and house insuranceThe rental income is total $6,550 a month currently based on financials provided by seller agent.

I utilize trusts and PTY LTD companies in Australia as well as LLC's in the US, but the structure to use can also depend on the deal.