These are business purpose loans, not consumer credit.You didn't mention your relationship with this individual or their experience.

You haven't mentioned anything that would be hard for a standard lease to handle, and even if you did an addendum would probably be a better option.

The method I mentioned will work.

Mobile home park investing is my favorite asset class for a variety of reasons including the report mentioned. 

First off - as mentioned above, you could get a livable condition 2/4 unit and live in it.

Her ex mentioned seeing it was worth $125K online which would be a bit tough considering it needs a new kitchen, and even though I've been inside a couple times I don't even know if it's 1 or 2 baths (Zillow & Realtor say different things) Oh I'd love to have two contiguous properties! 

As Sean mentioned, it is so important to do the due-diligence, run the numbers, develop and use your network to assist in the process. 

They mentioned carpet “issues”, which I’m assuming is the high traffic areas. 

As Nathan mentioned, I would make sure you have created a rental criteria that outlines income and credit requirements as well as how you will treat those with a criminal background or eviction history.

It is similar to facebook tagging and prompts them that they've been mentioned.