I know he's got it priced high and when I asked how he got that number, he just said he "knows someone will buy it for that price" I know the seller is in danger of foreclosure soon as well.The problem is this specific MHP had horrible management coupled with a natural disaster that hit the area a few years ago causing homeowners in the area to move away.

Hope it’s on the way cause ion even know when it was sent out. 

This was done intentionally to hide how much the wholesaler was making and/or to make sure the seller was not aware of the true end buyer while leaving the seller to believe the wholesaler was still the one buying their property so that the wholesaler did not have to disclose their profit which they feel might have caused the buyer to backout of the deal.Since this new law went into effect in 2021, Blind HUD’s and Pass-Through Funding are no longer allowed.

There could be neighbors in the same building or next door that could cause negative reviews despite you doing your best job possible.

.; what are their occupations, what is their income, how long have they been there, have they caused any property damage, how well do they seem to maintain their space, what proof does the seller have that the tenants have been paying on-time, etc.?)...

However, if you property manager is willing to cause tension in their relationship with you over a $50 late fee it might be time to find a new property manager. 

Every single one of these moving pieces will cause more work for you, and every single one is a potential point of failure in your venture.

Maybe self employed borrowers have ups and downs year to year and that caused problems in underwriting.

In addition, how do we get to that income.I can see that we have the Monthly Rent Income and then the Monthly Note Income, how do we get to receive the note income of 12% / year, cause that seems to be quite important in addition to the rent.

.- they moved out but did not inform their agent or the insurance company- they rented the structure to a tenant who caused a fire lossThere is not an absolute answer.