It can actually be used for more than just rents as well.  

I was actually looking for places to use for a Housing and Urban Development (HUD) Veterans of America (VOA) program, aiming to create a spot for good cash flow while supporting a veteran.

Keep us up to date on your first project.

As far as "Q" homes that was my mistake it's actually KEU Homes.

There are plenty of companies that buy mobile home notes because of their value, but I'm just curious on the actual hypothecation part.

Have you considered creating an actual lease for a bigger, scarier man with 3 pit bulls?  

I don't want to refi out of the VA loan on my current house because I have a 2.875% loan and would presumably have to start paying PMI then also.Any feedback about the VA loan issues or my strategy in general would be greatly appreciated- I've been educating myself for a while now, but am also a total newbie in actually taking any (real estate) investing actions.Thanks,AugustOh, in case it helps to know, I'm located in the Midwest, so I could easily find a suitable 3 bedroom in a suitable area for under $250K and it probably would not cashflow at purchase in a B- or nicer area (maybe roughly break even), but shouldn't require much of a special deal to be able to within a few years.

I was actually able to win an auction.

When it's calculated properly I bet the actual cap rate is close to 3-4%.

I'm actually going to dive into the process myself tomorrow.