It sounds like you’ve got a great opportunity with these two mobile home parks, especially with the flexibility that seller financing provides.Out of curiosity, what terms did you negotiate for the seller financing?

@Wesley FryeWhat’s the expiration date of the contract?

I don't know the DLP side of the story but it appears as they are trying to force a sale that would wipe out the LP equity and investments. 

An electric dryer will run up the bill of that unit quickly , where a washing machine wont nearly as much . 

Hi Sushil,The market for a 5+ is limited in DFW.

But you could say something along the lines of this in your lease;"If the monthly gas bill exceeds $X or the water bill exceeds $Y, the tenant will reimburse the landlord for the difference as an additional charge."

In our situation, property managers won't likely fit into the pie since we are looking to sell the property in the open market.However, you can always leverage your "rock star" agent who found you the deal (assuming it's not an offmarket deal or from a wholesaler) to check up on the construction every so often.

Search the post on BP and you will see all of the nightmares that owners have had to deal with.

If there are any issues with the borrowers, I don't have to deal with it.

Quote from @Michell Chase: I am working with a hard lender on a purchase/reno and they require a builders risk policy even though 1 unit of the 3/4 will have a tenant.