Refinance it from "foot in the door" financing to permanent financing once you improve it a bit and force the appreciation. 

What would be some concerns and benefits to purchasing such a park? 

@Dave Nixon Interesting you picked up on this...small town churches are dropping like flies...I manage large capital improvement projects on institutions...just keep in mind that you'll be working with a lot of different entities, including an architect/designer, engineer, industrial compliance...likely other entities from the government and/or municipality...lots of moving parts.You should be aware of Asbestos abatement and concerns like underground storage tanks...which are very common in all these buildings you are referencing...design and abatement fees may run hundreds of thousands of dollars before the project even starts...Not saying you can't pull it off, just be aware...good luck! 

The tax implications are obviously a huge concern if I were to sell.

If you have concerns about the terms of the addendum I recommend contacting a real estate attorney in your locality.

Especially if people are asking for proof of funds.I think I am most concerned about finding a deal and getting it under contract and then that time in between obtaining the contract and finding a motivated buyer.Nate

We've had some maintenance concerns, but overall things have gone well, this year!

Hello all,I work with a formerly-homeless population in a Supported Permanent Housing program.

When trying to grow, cash flow isn't your concern. 

My concern is if you don't know the lease goes with the property, what other important legal details are you missing.