It sounds like you are going from fuses to breakers, eliminating knob and tube wiring ( ?

That’s an easy 18% return when that debt is eliminated.

So seeking a turnaround MHP wouldn't be going against the grain or eliminating big investors as competition.

Man, as long as you've done your due diligence and are indeed coloring in a coloring book and not a novel, the color doesn't matter as is 100% up to you. this is why REI is SO fascinating. look at all the colors and eliminate the ones you don't like then see what's left.

You can only calculate risk, you cannot eliminate it. 

And thanks for confirming how the boards and agencies are anti business and anti free market and act as a govt middle men to bully non institutional business owners thus eliminating big business competition. 

Often these things help confirm an issue, like if they filed for the exemption it probably is their homestead, but doesn't always eliminate the issue, like in this example it is their homestead, but they never filed for the tax exemption.I always say the same about google street view. 

Even if you went the Hard money route , it would eliminate most of them because you are planning on living in it, most hard money lenders have a commercial license , so can not finance owner occupied (homestead) properties.   

You could also go the DSCR route, which would completely eliminate your income issues becaues you'd be qualified off solely the rental income of the prospective purchase.

My current lender said I need to wait 2 years but I feel like of course they would say that to avoid me eliminating this payment.