Curious, what do you think design layout, kitchen specs, bath specs, interior & exterior finishes, plus FF&E(Furniture, fixtures & equipment) for staging is worth to you?

Second is that you would need to be very careful of the types of improvements that they could be considered real estate and not furniture fixtures and equipment. 

Failure to pay would result in a lien that is then attached to the property.We did something similar with some agriculture equipment & the new pole barn that was paid of in 5 yrs @ 12%.

That is fine if you are equipped to deal with the types of tenants that those properties attract.

Texas Property Code states:(d) A tenant is presumed to have abandoned the premises if goods, equipment, or other property, in an amount substantial enough to indicate a probable intent to abandon the premises, is being or has been removed from the premises and the removal is not within the normal course of the tenant's business.

You'll need to be more equipped, you won't be able to handle a capex and tenant issue in the first 12-15 months. 

Obviously I do not know either agent personally, nor do I know your investment goals (for this purchase and/or future), so I strongly suggest you answer the question “who do I think is best equipped to assist me in achieving my goal”.

But also keep in mind you can probably sell such equipment to defray your expenses if they leave it.

So from a tax perspective, real estate would be treated completely different then say an equipment purchase for the business where I could deduct that from expenses?

You have to look at how much FREE CASH it throws off if you do NOTHING yourself, and how much of your time you'll have to put in, equipment to buy (snowplow maybe) if you're going to do it yourself.My general impression when I look at deals like this (I last looked at a park in '83, but I've come close on some 4 plex-8 plex deals) is that the guy selling OVERPAID and is trying to bail himself out at your expense.