Each of these entities accomplishes completely different goals.While I do utilize the C-Corp for its tax implications, I generally use the Series LLC for most of my investments.

Just get strict on yourselves...really strict and you'll pay it down and maybe even have some income producing assets on the flip side.

She has already initiated processes to transition utilities, services, etc over. 

3) What leasing agreement do you utilize?

The best case scenario rents are $2200 at full capacity with everyone paying (rare), the mortgage is $1400, utilities run roughly $500, and property management takes 8% of what is collected (a good rate).

I think, if a property manager knows they will have to produce results...ie. obtain the rent the acquisition staff suggested was attainable...get the home rent-ready...for the same general estimated cost the acquisition staff determined...then there is built in accountability. 

Flowers and Associates proceeded to get the property up and producing with veteran from non-profit org.

My business plan would be looking to sell if the property did not produce acceptable cash flow based on a hypothetical 100% financing.

Hey BP,I am a little hesitant pursueing this park due to it being on private utilities.

The property is currently producing 3 times the market rent in this area guaranteed through non-profit organizations What made you interested in investing in this type of deal?