If they can operate effectively in that area and you do your due diligence, that will help performance of the investment. 

Financing does not add value to real estate, but can to your intrinsic value in an amount equal to your financing alternatives or what other financing would cost.Sounds like it's overpriced.I don't care for condos due to the unknown of HOAs.Is it a FHA approved complex, if not financing will be difficult and he may need to finance to sell it, that means you'll be stuck on refinancing or in your selling too.You also want to know the % ownership of owner occupied as that can effect financing.Your refi options in 5 years may be limited too, you may need 25% equity for a no cash out refi, so check with area lenders as to what they expect to be offering. 5 years is long.Look at the By-Laws of the HOA, they may be able to adopt rules with a 51% vote of owners, what do you do if they say no rentals?

Also, it is now effectively illegal to construct any more MHPs in America.  

You could create a website that is just as effective and costs you a quarter of the price using squarespace, wix, weebly, or wordpress.

If there is a title defect, the owners policy should in effect cover both of you in this circumstance.  

Or is there a more time effective way to do that?

At that point in most markets you wouldn't want an agent listing 25K or more above market.I think the main thing for looking for an agent is to find someone that you can work with effectively. 

Finally, at the first o this year a law went into effect mandating banks to set aside a 100% reserve on any construction loans that they approve in a non-interest bearing account.

Your credit score will have an effect on your ability to borrow, regardless of whether or not you own the property with 100% equity.  

Factor in the lower quality (meaning lower ARV), the increased holding time/costs (unskilled laborers will be slower) and the overhead in having to do extra management for the unskilled folks, and I'm not sure you're seeing much savings there at all.I've run the numbers on this in the areas where I work, and I generally don't think it's cost effective to use unskilled labor.