Most foreigners will only buy one property as a second home / rental there and they know that so they don't have the incentive to create a relationship with you.

The biggest key is to start… know if you wait the best deals will disappear.

My biggest successes are banks that are trying to expand in a particular market.  

One of the biggest risks lies in the execution of the business plan.

But whether I'd actually increase the value enough is my biggest unknown. 

Ask them if there are any vacant spaces in the park and what incentives would they offer if you brought your own home into the park.

The biggest thing you should look to get during DD period are: current lease (which you already have it seems), P&L statements for the past 2 years, any major repairs done (receipts), sub-metering (if applicable), what you owe as landlord vs. what tenant pays, estoppel agreement making sure you & tenants are on the same page,  etc.Best of luck!

Don't have any yet but looking to take the biggest first step early next year.

I think one of the biggest reasons I was able to close on this deal was because I helped solve the previous owners problem (needing the funds quickly).

Especially with this being your first investment financing will most likely be one of the biggest problems you'll need to solve before being able to close.