Interesting deal, did you carry the note hence the low cash investment?

The house has been on the market for almost 2 months and the carrying costs are really starting to take their toll on our personal finances.  

Have the courage and professional strength to walk from those who don't meet the expectations and find one in each area that can hold their own and carry that part of the load.My recommendation is to raise your bar on what you expect from all professionals you engage in running your business. 

Even though you can't write off loss against your W2, you can carry over loss from year to year.

The sellers are most likely selling because they do not work, and therefore they would be unwilling to carry a note on the property.

I never got an answer, but my assumption at this point is that it WOULD carry over.

How do you sell a mobile home park without having to carry the note, and for the highest possible price?

They carry a note while you fix and make payments then... when the property is ready to put on the market and once you sale then he will transfer title and you profit 

Few companies carry them, i.e. credit insurance, but I worked in one company that had it.

I'm sure one can get carried away if they aren't mindful of those expenses.