Next- is the Reality Is that all Condo Properties are "encumbered" as components of the Condo Association, Thats Ok- as long as the Association is in Healthy shape financially .This too has to be verified.

And his point about being either cash or avalable credit should be kept in mind as well (although lenders would prefer you have it in cash).You can find useful life expectancy tables for the various components of the house (roof, heater, kitchen, bath, sewer line, etc), and you should be able to determine a good guess as to how old those items actually are, so you can then take a guess at how much more useful life remains.

Agents are a key component to your team.

Banks won't finance the home rent component of a MHP, and as a result most professional operators will not include that as part of the valuation.  

I would walk into your local community bank or credit union and lay out your plan.. those institutions are in business to support the local community of which you are.. this project could possibly have a land and SBA component as well.. 

A motivated seller is just one component of a good deal.

They no longer sell components for these systems and, if they fail, it's basically "start over".  

This may not be very expensive if you will do multiple flips in this entity as you can then leverage the low cost day labor for garbage pick up/hauling, etc.2)  Temp agency that has work comp on the workers3)  Hire a contractor like a landscaper who will have work comp and lower end labor costs4) Get a bottle of Advil and start doing it yourself

We need to be able to cut through the BS and fear mongering and look at facts and data.And when you analyze the data it becomes obvious, there's far less risk in the Colombian market than the US market.As an example:  Let's consider the main component of risk in a RE market...excessive credit. 

Your questions asked are just one component to owning retail properties.