Weed out the dilapidated MHs (which from the outside is most of them) Sell off as many MHs as possible striving to be that no park owned homes kind of place to reduce the maintenance costsHire professional management which should ultimately make the park more efficient therefore creating more cash flowDress the place up with some landscaping, maybe a new sign at the entrance, an overhang for the mailbox area, maybe a play park to really make is a classy family community.... basically whatever will make it appealing but still cost effective instead of the junk yard it is nowThere are roughly 5-7 of the approximately 9 acres for sale that are undeveloped.

I would be getting an additional $3000 if I stay for another semester of college in spring, not including any additional income i may get from saving with a part time job.

If you can reduce by an amount that still keeps you in your acceptable range for rent, try to find a way to keep her.You can give her options too, between leaving without penalty or staying with reduction in x-amount.

So if back that out of each payment to get your new interest rate and if that is not enough return, keep connecting with this note seller, he may reduce his price sometime in the future, and then again, he may not . . so keep fishing.

Additionally, due to some unfortunate family circumstances, my family had to sell some properties in a timely manner and try and 1031 the proceeds.

I am a real estate investor, short term rentals (Airbnb), and looking to acquire additional properties in the near term. 

In my situation, it simply would not be worth the additional hassle.  

I understand building in additional income, but I think you are doing a long term dis-service to yourself in that respect.  

So is the property a 6 cap on existing rent and then there is additional percentage rent if sales go above a certain number annually?

In addition, ideally the unit and rent continue to appreciate increasing your net worth.