If you've never done it before, it's hard to imagine the steps and potential frustrations, but your post lays that out, so it's an informative read.  

I imagine that could be hard with a newborn though?  

I imagine we'll see similar offerings for other big HML's.

If I put 20% down based on the sell prices I have been seeing and my calc's I think I can cash flow at 20 or 25 year loans (adding in my rent)I guess I can kind of see where living in a property that you are an investor in is muddy water but I have got to imagine that someone has figured out a way to do this, no?

You can imagine how fierce the competition is.

Imagine my surprise last weekend when I went to a probate auction where around 100 people showed up and bid the price of a dilapidated 900 Sq foot shack up to almost $600,000!

Again, you should refer back to the OA, but I would imagine the equity compression would occur proportionally to their initial equity contribution.

I think you have to look deeper into this. because its talked about so much on social media and a site like BP and there is this mind set that wholesaling is the way to get cash then take said cash and buy and hold. ( you see that verbatim in numerous posts).. literally there are thousands of one trick pony's  I am not sure what the minimum run is for the mailing services but I would imagine 250 to 500 bucks and your in the game...

That being said, you may want to get some comps because those rents seem low even for Southern IL.I would imagine that the expense ratio in a park like this will be close to 50% on the lots.  

If its a multi, I imagine the property management workload might be too much to handle yourself during Deployment.