However, if ti's in a Coop or corporation non profit or for profit I wouldn't touch it. This scenario can be worse than even a rent/lease park/community as you can't refi your home or qualify for a reverse mortgage if or when the need should ever arise. You don't own the dirt. What you own is stock in a corporation which a lender cannot lend on because they cannot calatoralize it with a stock certificate. They can only loan on the real estate which is own by the corp and not the individual.
However, once again just make sure you don't purchase a home that was built before June 15, 1976. This is a PRE HUD home and virtually impossible to finance. Additionally, many pre HUD homes were built using various caustic and carcinogenic chemicals i.e. formaldehyde and asbestos.
Real Estate Broker and
Licensed Manufactured Home Dealer
Feel free to contact me for more details. I don's service that area but I'd be happy to discuss this with you at no charge just to make sure you're not getting ripped off. My cell is 760 815-6977. Or you can email me at email@example.com.