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.  

Looking for advice and recommendations on how to go about structuring such a relationship? 

We have a relationship with a much larger developer who does multifamily, mostly apartments, and even they can't figure out where to put their money right now, because the math just aint mathing for them to build or renovate at the moment.

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

All my personals have never been less then 15% net, most avg over 20% All the best 

@David C.I never know if these types of posts are real or not.And I don't personally invest in syndications.  

Do you want to go into the office and learn in-person? 

I have personal relationship with the owner of the project.