They are time consuming, however.

You haven't yet told us what cash flow this package produces, so there's no way of knowing how much debt service this deal could support. 

@Mark Ainley @John WarrenAlways appreciate your referrals and support.

For more details, this will all be done under my LLC and without getting into the weeds of why I chose to go the LLC route, it is my understanding most mobile payment systems do not allow consumer to business transfers. 

Raising rents when the market doesn't support it can result in higher vacancy.

You'll likely get more support if you post what State you are in.

I love working with the clients I support, but I cannot handle the culture that comes along with group home companies.

If the deal can support it, you can have the owner carry a note in second position so you only have to come up with 5-10% down but it is unlikely a bank will allow for a lower down payment, unless it is a screeching good deal and they felt covered if you are buying at a significant discount.

An inexpensive parking pad option (asphalt and concrete are the standard methods) is to form a 20' x 20' square on each lot with landscaping timbers, metal edging or even railroad ties, and then filling that box in with crushed granite or some other type of rock.Replacing roads is one of the highest capital items in any park project, so make sure that your deal will support this cost.

Homes that old are subject to all sorts of issues ranging from knob & tube / fuses to shrunken cedar posts supports to ancient plumbing, so the inspection is not only key, it will also be a way to negotiate pricing down post-inspection.