Not sure about your market, but the market I operate in doesn't command that I do a flip-quality rehab if I'm going to rent out to tenants.

I'd make sure I get a copy of the current LLC's operating agreement and see how decisions are made and all the details of their agreement with each other and potential new members.

You can try to front load them with the info on what it will cost to build the new house but every investor will have his own opinion on that. 

Yes, I live in So Cal where music, film and entertainment people abound, however I did not want to have to think about how the product gets made, only show up and be the Johnny Carson, not the boom operator.

Which is how 90% of the US markets operate. 

Would be great to have a referral for a carrier that operates in AZ.

If you are not going to appoint an agent, then make sure that you are taking a help from an investment company as they know the market in a very well manner and they have loads of home options according to the amount you plan to invest in the property.

I was wondering if I could get some feedback from seasoned MHP investors on the following potential deal:21 Owner Occupied Lots @ $225-$235 5 Rentals Units @ $295-$365 22 Vacant Lots 1 Stick Built Home Sold on Contract @ $595Average Monthly Income: ~$7,005 which equates to ~$260 per lotGross Income Income: $84,060 Expenses: Landscaping / Maintenance: $8,350 (9.93%) Insurance (liability only): $250 (0.30%) Real Estate Taxes: $8,400 (9.99%) Utilities: $2,700 (3.21%) Administration: $1,800 (2.14%) Waste Management: $4,600 (5.47%) Total Expenses: $26,100 (31.05%) Net Operating Income: $57,960Assuming a 10% Cap rate the value of this property today would be $579,600. 

I have a property I am considering buying I believe I am going to keep it as a rental due to low operating cash but can still possibly flip. 

Now that I have 12, I am understanding the "ebb" or "flow" of operating capital and  how to easily keep 6 months reserves, it is all easier with more cash flow now, in a few years you can refi or pay extra principal if you like.