I haven't gotten all of the information on how much it costs or how accessible he will be yet, but he is an author and is actually on this site and posts every now and then.

Compare the ones that aren't selling to the ones that HAVE sold recently.

I don't know how things work in FL, but if you were in NJ, I would say you need "the right attorney", someone with longtime connections to the local permitting authority, this should not be unresolvable.

I've compared notes with other managers.

The value of the home will be dramatically reduced compared to similar homes in the area since it is in a mobile home park.

Man, I know our income is good compared to national averages and such, but living in California, you can hardly notice it!

Another indicator would be the cost of equivelant brand new homes compared to existing homes.In my area, it is still easily cheaper to buy than build.

Most of the other big banks are imposing 60-120 day resale restrictions (though not deed restrictions, just contract restrictions), so I'm not surprised FNMA is following suit.Interesting that they have the 120% resale in there after 30 days...that's actually more lenient than I would have expected compared to others, like WF and Chase.

By selling and moving your equity into a different market or area you can create more value for yourself again with your cash.You need to take your comparable sales and then deduct your selling costs minus loan payoff and 1031 costs to see what kind of cash you would have to put into one or more other properties.

Great points made above....Here is some better advice as to my last suggestion of just pouring the floor...LOLGet that sub that has more experience with the city and incorporate him as your lead contractor to deal with the city as you go along, pay him a bit more to act as the GC in areas of running the job per the plans and specs, with you having final authority.