They are in fairly good shape, but the kitchens have limited cabinet and counter space, and both the kitchens and bathrooms are dated.

On the other hand, some parks are completely fine with you moving out the older mobile homes to make space for newer mobile homes.

I would think if you had an apartment building with an elevator and no green space the picture would look different.

If you have parking, make documented spaces for each unit.

If that's an accurate figure for total closing costs (and it includes any escrow funding required, title/recording, origination fee, processing/underwriting fees, etc) then it does not seem unusually high to me, but please keep in mind that my experience is in the asset-based lending space-- so my opinion is skewed.

Google the Utah real estate agent/investor who went to his property to demand rent and ended up killed and stuffed in a crawl space just because the tenant's didn't want to pay or be threatened to pay. 

There are a galaxy of opportunities and possibilities in the mid-term space.

I figure being a licensed agent could be a good “in” for the RE space.

Best long term solution in my opinion is to convert the space to as low maintenance as possible while maintaining attractive appearance.

It will most likely end up being converted to middle income housing on the 2nd and 3rd floors, and then the 1st floor and basement could be utilized as retail space (assuming the building stays up, which is what we prefer).