Do you have reserves for your personal living expenses in the event the process takes longer and/or you aren't able to recoup as much of the invested capital as expected on the refinance?

Personally, I've known mobile home park owners with this challenge when trying to find smaller mobile homes to fill their lots.

I could also take the money from another source, but wouldn't be able to carry the 2 mortgages on personal loan I don't think.

At that point I owned the lot but not the MH since the MH was considered personal property. 

We can't tell who the person is that's offering this to you.  

I like the idea of dealing with just one person and having them manage all the trades.

One tenant however, did refer to having their rent pro-rated by the number of days that the situation would last.There is a clause in both their leases that they are responsible to carry renters insurance to protect their personal belongings against fire, theft, flood, loss of use etc. 

If title was held in your personal name this would still be happening. 

I had personal ties to the area and saw the potential in this once blighted property.

Let go - Stuff will break and go wrong, remember it is vacation and not life or death (normally).