There are many investors who have experienced challenges with 3rd party management (and unapproved concessions are unacceptable).Now the tough love part...it's going to be difficult to make a profit with a $500-600/mth rental purchased for $55K (and impossible with 3rd party management...have to factor in extra vacancy and higher repair cost). 

I guess the credit inquiry part of their score is not weighted as heavily as other factors so it doesn't matter?

A strategy to consider is pay renovation bills out of savings and depend on a HELOC for emergencies.There is a "once in a lifetime" risk factor to consider.

I've been in real estate for 2 years now and I still haven't closed on a deal.I think its mostly because I'm doing it part-time and procrastination has been a big factor even though I recognize it :(So I was curious to know, how long did it take you to close on your FIRST deal (wholesale or rehab).

Last forever, no maintenance.

I'm sure these factors are taken into consideration but not sure how much weight this will hold.

Being a high end RE agent is still based as a percentage most of the time but if you list it too high it will take forever to sell just like any other property, most agents don't really do anything special.

So location will be a major factor in determining the potential strategy for the park.  

Conservatively I can rent it for $1600+I’m ok with managing it myself for now but want to account for the PM cost because I don’t want to have to do forever.

There are other factors that go into establishing these entities, so it's important to get the full picture for any solid recommendations.