Better advice is know the risks, mitigate the risks the best you can. 

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

You should also verify whether the lease agreement allows for ownership transfer without landowner approval.Owning the trailer means assuming responsibility for lot rent, potential removal costs, and liability risks.

Its proximity to campus, turnkey condition, and rental history make it particularly appealing to investors seeking high cash flow and low vacancy risks.

While I understand the risks associated with investing in areas unfamiliar to you, my budget forces me to do so.

He had a Viper and several other toys:)Are you planning on passing any of your wealth to others?

How would you manage risk? 

Also, I'm sure several lenders will respond to this thread and offer to work this deal. 

Here is the BEST way to develop an understanding of the risks and rewards of redeveloping your propertyBEST - Hire a CRE - Counselor of Real Estate to do a complete market analysis.  

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?