First off, they shouldn't say no credit checks if they're going to check credit; that's just wrong.The majority of lenders will run your credit because it is the best indicator of what kind of borrower you will be. 

the building is still under his name and would go to his heirs, sounds like the 3 of you would be running the property for him while he makes the money. if you entered into this there would have to be some kind of agreement that you take part ownership. on the other hand, this would also be a great way for the 3 of you to learn about real estate and tenants, yet be able to walk away if you can not handle it.

Keep in mind every park is different, what your financing source is is important, what kind of capital your bringing to the deal, timeline of investment, and what overall exit plan of the park is for you as an investor based on your goals. 

Hey guys, I have my first MHP under contract and was wondering what kind of rules should be enforced?

Thank you for your kind advice!

I really don't want to spend that kind of money on the garage.

Meetup has caused all kinds of real estate groups to start up.

Right now it’s kind of a house hack since my son is moving into one of the apartments.  

Until you do it kind of just feels like playing a game of monopoly.  

The real first question is "why put your hard earned money into doing the hardest & riskiest kind of real estate investing"?