The advice you get relative to "what to look for" should come from the context of what you want to achieve.

Hello all,  I have a couple questions about REI in relation to the topic.

Income of Recently Discharged Veterans (continued) (2) Voluntary Separation Incentive (VSI) Annual payments Taxable in the year received Include in effective income Calculated by multiplying the veteran’s years of service times two Requires a minimum of 6 years service (equates to a minimum of 12 years annual payments) If the veteran receives both VSI and VA disability compensation payments, the VSI is reduced by the amount of disability compensation.However, if the disability compensation is related to an earlier period of service and the VSI a later period of service, the VSI is not reduced by the amount of disability compensation.

are there recommended contingencies to place in the contract , as it relates to wholesaling?

Depends on Age and condition of the property, and quality of tenants.CapEx (10%) Until I have the property inspected to determine the current condition of all major components and appliances.  

40 - 50% depending on the age and shape of the park.

If they have been paying their rent, and there aren't any expenses related to poor upkeep of the home on the tenants part, then I wouldn't be too worried.  

My partner and I are relatively low volume (3-4 projects per year).

@Felix L PerezThere is a lot to explain, so probably you should get with a tax accountant.The short answer is: expenses specifically related to this property (purchase, rehab, holding costs etc.) should be shelved until next year and deducted against the sale price.

Now from some of the things i read that could be because they do not want to deal with HOA related costs that could be past due, even if its 1k.