It is designed to protect the innocent and as a byproduct, the guilty get some extra time. 

Being that it's a house on the waterfront, if this is on salt water and because it was built in the 40's, I would pay extra and get the most in depth inspection you can get.

VA loans add a few extra hoops but the lenders have wriggle room and I don't think it will be an issue unless it's gonna be a 10 month wait.

(I would buy QCOM right now at 53.90 and GILD at 73.20)  If anyone on here needs an extra set of hands in the Springfield MA, to Hartford CT area feel free to ask me, I'll be glad to help out if I can.  

Not to mention all of the permits needed to travel with a house on a trailer.

These units are a C-class area if that gives any extra detail. 

She said there is a 60-day window to have the work completed upon closing, but that timeframe is pretty much meaningless because you get an additional 6 month extension every time you pull a permit.

Our jobs provide some extra disposable income that we would like to apply toward investing in real estate.

If it were me and you are occupying the primary residence on the lot I would not spend the extra money to separate utilities. 

My thoughts were exactly the same regarding chasing down tenants regarding the extra money for utilities.