(assessor, owner, another appraiser etc.) 

Today, because of inflation, a $250,000 or $500,000 gains of much more than $250,000 or $500,000 are not uncommon, so many people go over, especially in higher-priced markets.”Take the Tests to See if You Qualify for ExclusionsTo qualify for the exclusions, you must satisfy tests that you’ve lived in your house for at least two of the last five years and have owned it for at least two of the last five years, says Jack McGuff IV, owner of McGuff Financial, based in Pearland, Texas.

I make sure we have the termination agreement before advertising so they don’t decide later to stay to lease end, wasting my time, and it states liability for damages if they’re not out by new agreement date.

So, I sold a Parcel in Dec. 2021 using Owner Financing .

So, that's what you could do...so if you want to go through the owner financing step through your family member just use those numbers as your baseline.  

About a 55% owner occupied ratio.

Given the above current owner is in the red every month $350 and is asking $475,000 for the park.If I am mistaken on any of these assumptions please let me know as my comments are based on these assumptions.From what I am seeing the seller is way out of whack with their asking price. 

They rode the wave and built wealth, so they are not interested in owner financing or any other headache.

The reason is since I am the owner of the LLC, it's income is reported in my personal taxes. 

I hear a wide ranges of responses from investors, inspectors, and experienced electrician's alike from "ticking time bomb" to "not a big deal", so i'm trying to decide what to do.