I am looking at park where the current owner purchased it on a contract for deed 3 years ago. The park seems unlikely to qualify for bank financing due do its 60% occupancy and lack of financial records kept by the current owner. One other thing to mention is at the price the owner would like (not the price I would pay) the debt service coverage ratio is 1.19. I have spoken to local banks in the area that are looking for closer to 1.5 . The seller mentioned he needs to pay off his contract in order to transfer the property to me. Any ideas on how a deal like this could get done? I really like the location and a preliminary test ad on craigslist pulled extremely well.