You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

You can ask at your county to see if they or anyone else around teaches the basics.I've been to several of the free pitches of the national touring acts...and most gave enough wrong info that it wouldn't make sense for most people to take the class or pay additional money over the free pitch to get started.   

It was bank owned and in terrible shape, we've owned it for 5 years and it's currently 85% occupied and making money.

If you’re going to get into the mobile home park business it has to be about more than just money.

For me, I've found that I really like hosting (not just getting a booking and the money) and most people like to know who their host is and I like to know who my guest is. 

Not necessarily what you can do ahead of time to make it attractive but you can always advertise a TIA budget along with the asking rent so prospective tenants know you are willing to put up some money to improve it to their liking.  

This is standard IRS practice and means that when your management company receives money, it's considered as though you, the client, have received it, even though it hasn't been sent to you yet.

Plus if I borrow against and move that money elsewhere, the limit would be value minus dept.

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.

It's going to be a money soak and large loss because it seems like the principal wants to outsource eyes, ears, and skills and is willing to pay someone else to bring their own people which costs 2-4x as much as having some of your subs and eyes on the job.If I had other pressing business concerns, I would sell all of the properties in a portfolio sale, bank the money and repurpose it, and let someone else do it all.