I was pretty much the same situation as you are in, except i did not think quick enough about the additional pre-close negotiations mentioned above.In my case time after closing i dove in to set expectations and address/remediate all concerns from the previous landlord, and since then i haven't had any troubles.Thank you for the post!

Hello @Michael M.If you are investing in Florida you have the benefit of a GREAT land trust statute. 

Google his name and address to get the contact phone number as BP disallows such information.

These people have trusted me over the past 3-4 years, and I’ve made them good money flipping SFH.

You’ll want to ensure all RV sites have adequate and working hookups along with amenities (bathhouse specifically) to accommodate short term stays if an option.You will likely have someone in the community run day to day operations, because it can be a cash business you need someone you can trust but always monitor the books!

I don’t remember the addresses, but one was a 100 year old duplex with major structural issues surrounding a central stairwell and the other was a 1950’s build with a block wall tuck under garage that was beginning to shift, causing issues throughout the house.

Regardless, I want to address your last  few lines.

If they just wanted to relieve themselves of the management they could pay a PM 10% of the gross rents for $380/month and come out way ahead.There are a couple routes that I personally would go which is either buy it outright and negotiate a better price, have the seller participate in the financing by wrapping the original note (uphill battle but could work) and giving an all inclusive Trust Deed to the seller, or go the MLO route at the price they want with a 10 year window with option consideration enough to cover the agent’s commission.

To my understanding I could create a power of attorney however in the area I really don't have any one who I trust to execute.

There have been some unscrupulous potential buyers who have tried to go behind our back but usually, we've built such a strong relationship with the Sellers and they know and trust us to the point where they actually come and tell us what's going on.