As I'm sure you know, there's virtually no value in the MHs themselves, but a good deal of value in the cash flow they can generate. 

first you have to decide what you want to do in the note business.. what most of the responses are talking about is buying bad debt.. and 2nds at that which this is the most risky and the most work..if your looking for work and risk and job then that kind of note investing is for you.If your looking for Passive income with no work and Limited risk then you simply need to align with a great HML who takes on private clients or those that understand where performing notes are generated.. we have done over 1700 performing notes for clients that last 5 years and really don't advertise at all. simply because once you get conservative investors in your program it just feeds itself.. deal flow is the key right now.. most have a hard time finding quality. finding defaulted seconds is easy.. and the most risky. 

Please advise.

That said, you probably don't have a mold issue but obviously an AC unit is going to generate condensation and mildew.

@Brandon Sturgill, Thank you for the quick advise.

Answered my own question/generated a follow-up question:They're located under tools > fileplace > contracts (https://www.biggerpockets.com/files/contracts/cate...)However, I can't find any way to search within the documents, they seem to be in chronological order, and I can't find a way to reorder to alphabetical, topical, etc. so it seems you have to just scroll through all fifteen pages of random documents looking for what you want: does anyone know of a better way to navigate the state-specific lease agreements?

I think using an LLC is advisable, especially if the rehab will be somewhat extensive.

Or is it advisable to stick to the original plan and continue to save up money and analyze owner occupied units until the numbers match up?

@Michael Robbins Can a 2 bed 2 bath condo generate a $1500 rent?

Do you advise not to pay off mortgages for property 1 and 2?