You can be as safe or risky as your investment risk profile can tolerate.

I would allow tenants the ability to use a mobile device to submit a damage report with detailed notes and images.

To add onto the other example there is also a "Safe Harbor" of $50 per square foot that you can deduct too; however, much of this depends upon your business to determine if it is allowed or not.

Is it safe to assume that when rates go up (which we have to assume they will), that refi's won't be as viable an option anymore for investors?  

Because this is your first park this might be the perfect and safe opportunity for you to get in and establish yourself in this niche.There is definitely much due diligence to proceed with moving forward.

Because this is your first park this might be the perfect and safe opportunity for you to get in and establish yourself in this niche.There is definitely much due diligence to proceed with moving forward.

Do you feel safe walking around that area?

@Kyle N..Here are some rules if you're a  landlord wanting to sell on termsWhat not to do: sell on contract for deed or sub 2You can bring them to a RMLO and see where the problems are, mortgage origination is never been more difficult.To play it safe I would bring them down the bank, have them open up savings account, and automatic withdrawal out of their paycheck for 5 to 10%, and that money is for the down paymentThen I would give them a lease and a right of first refusal of which is better for you than giving them an optionHave them go through the FHA home education programIf you want to help their credit, help them do a "bank round Robin" to create a history on their credit report thats brand-newYou go to bank one, give the bank $1000, ask for $1000 loan that's reported on the credit report, pay it off, go to bank too repeat that process.

My offer is contingent on inspection so I should be safe. 

I would try SFH to be safe. if not, check HOAs financials, what they actually cover vs charge (this will def effect capex).