I doubt this concept is adding much to his plate at the end of the day.

@sean d check out the following link to Handbook of Construction Contract Vol. 1 (plans, specs, builds) its good simple start to grasp the concept.

That said, with our first STR it is out of state and I am struggling with the concept of self managing from afar.

I understand the perm foundation concept, however, the odds of a MH being moved is not high.  

Our concept would be to supply the hood, sink, counter and the tenants bring their own equipment.

People have a conception of Airbnb's as being (potentially) nicer accommodations, while Furnished Finder has a lot more mom and pop landlords and affordable properties to rent where you can find something for a smaller budget. 

Cool concept and great idea, but all nonsense.

If I understand the concept, seller financing is where he holds the mortgage for you. 

Hi @Brad Fletcher - 43607 isn't a bad place to invest, I owned houses around there back in 2010 but never got into the whole college "salmon run" concept (you have a TON of applicants nearing the end of Spring semester and if you go vacant in November you're screwed till the following end of Spring semester).Several BP members here specialize in that zip code, they will definitely be able to advise about that area.

I am talking about annual rent to FMV (fair market value)10.8K ann rent to 20,000  FMV SFRvs24K ann rent to $500,000 FMVvs36K ann rent to $800K FMVIt is a concept of yield on the money.My buddy in Cleveland has not overpaid for these 100+  properties, and has held them for over 10 years.