Clearly my ultimate plan will be to hire an attorney to create this structure, so if anyone know of any that specialize in this (preferably in NY/ NJ/ Phila metro area), let me know. 

Best to "Be prepared".

Not sure about the value of MHs in your area but where I am it’s nothing but a pile of junk specially the ones in need of work. 4 years??

Play your cards right and you'll be prepared for it and be able to weather the storm. 

I would use the additional cash flow to pay down the new loan as well, or prepare for repairs.The one that's easiest to sell has the best opportunity for upside in the coming years too.  

I specialize in helping first time investors buy smart multi-family properties in all Valley cities, so feel free to drop me a line if you'd like any more advice. 

You can reach out to me as well with any further questions since I am local to Charlotte and a specialized lender for RE investors. 

I highly recommend consulting with an ED lawyer - Jon Morphew is local and met with me.Until then, my understanding is the best thing home owners can do is prepare.

We don't own the land yet, but are preparing an LOI.

If I had a buyer, he wouldn't extend that offer past expiration and they hadn't even inspected or schedule closing.Great, I get with my client and we prepare a new offer with all cash, quick close, new dates, etc.