Assumptions on taxes and insurance are also common mistakes.

I'm guessing you have a common area hallway that you will have to heat in winter; that you would probably do with electric baseboard.

Seller financing is probably the most common form of "creative finance", but unless the seller is an idiot, any seller financing is going to come with a higher downpayment and higher rates than an FHA or Conventional loan.Not saying this to be mean, it's just the reality of the situation. 

You'd want to match the form 8582 for MA against the k-1.additionally, with that level of loss, it may Be burdensome to file.

@Collin Hays for me I measure the weight of the Pro's and Con's. 

What we’ve uncovered is that price reductions are more common at the lower end of the market, while higher-priced sellers are more likely to hold firm," Jake Krimmel, senior economist at Realtor.com, told FOX Business'https://www.foxbusiness.com/real-estate/nearly-1-5-american-..."

The commonality amongst most are small check sizes and the inability to articulate what exactly they invested in.  

I'm also new to MHP investing and wanted to share that The Mobile Home Park Investing podcast by Kevin Bupp and Charles Dehart has been very helpful with gaining knowledge in a wide amount of topics such as market selection, due diligence, common mistakes, and so much more.

They range from 225-399k, 1-2 bedrooms, approximately 550-1400 square feet, taxes are 1000-1600 depending on size, rental income ranges from 35k to 45k, "THE HOA FEE HERE INCLUDES ALL UTILITIES, ELECTRIC, WATER, SEWER, CABLE, TRASH, PEST CONTROL, ELEVATORS, GROUNDS MAINTENANCE, BUILDING EXTERIOR, WI-FI, CABLE, COMMON AREA INSURANCE, & EVEN OWNER-RENTERS INSURANCE" 

The goal is for me to downselect 5 markets to research.