If using a lender this is a non issue.

Does that mean that lenders of a traditional loan on investment property in a Non Recourse state can not go after personal assets except for the collateral property in case of default? 

So my gut feeling just based on what you said would be to get it "freshened up" (6 panel doors, some nice paint, replace some carpets, remove clutter, heavy cleaning, clean ducts) and get as much as you can out of it.

Many c/d condo buildings have a high non-owner occupancy.

Most investors rely on hard money lenders to secure non-homestead/investment properties. 

@Austin Schneider  You can buy this property as non-warrantable condo.

The best way to acquire this MHP is probably via purchasing the non-performing note and either executing the foreclosure or pursuing a quitclaim deed.

The tenants parents cleaned the property completely and we were able to rent it a few months later.

I'm pretty excited to get this off my back.Before anyone comes at me with how this is not a wise decision given the time value of money and potential compound growth, just know I am completely aware that I could have invested this money at a higher interest rate and "put it to work" rather than paying down my 4.5% loans, but it was more of a freedom from this non asset-based debt that I was wanting to  get rid of. 

NACA is a non-profit which originates $0 down mortgages that can include rehab costs on 1-4 family properties.