@Tom Smith easily attainable if you invest it correctly.In syndication for example, the standard is an 8% preferred return (the limited partners receive 100% of profits until 8% annually is met), 70/30 split thereafter.

The park was established in 1938 and has never been sold ( been in the same family for generations) so your probably dead on about that one.

You don't have a MHP, you have a horizontal apartment building as Jefferson Lilly says.You don't capitalize the rent portion generate by POHs.

So many people are being led into the home flipping business and have tons of gurus teaching on lead generation, follow up and closing deals.

I am looking into strategies for this situation and wanted to look into the idea of selling the home and subdividing the land.I am not entirely sure how the subdivision process goes so I am looking for explainations or resources on that, as well as how to analyze the potential profitability on subdiving.

They’re worried about not profiting as much since they have the payment!

We are agreeing to split profits 50/50 not including her broker's portion.

At the end of the day, you are investing to make a profit, and you will be taxed on that profit regardless of whether or not the profit comes as normal interest or return of discounted portion of principal balance.  

I"n a flood zone can push your numbers to apoint of bare profitability. 

What if your partner funded the purchase and you funded the materials and provided the labor then split the profits?