The land is tangible and the mobile homes are considered Personal Property and titled like a automobile.

@Dan AudinoFor path #1, is your eventual goal to rent out the property?

Pricing a rental property too high is a BIG mistake. 

My neighbor did STR on 2 properties in Long Beach, but only allowed 30+ day rentals so that he did not have to register with the city.

I mean one of these posters was told their "turnkey" property had dangerous sidewalk conditions questioning how "turnkey" the property was and their response was the tenant's don't care about the sidewalks.

Could you send me your email (feel free to format it like “name [at] domain [dot] com” to avoid filters), and I’ll send you the link directly.Also, I’d love to hear more about your background:How long you’ve been in property managementIf you’re currently involved in multifamily investments or looking to expand into that spaceWhether you’re exploring tools for your own portfolio or considering something broaderLooking forward to hearing more and seeing if there’s a fit!

With the down payment you're putting down (assuming it's at best 25%) with current interest rates, you're maybe going to be scraping a couple of backs cash flow on a Class C+ property. 

What if any property management software are you using right now?

For co-living spaces, it’s important to confirm that lenders are comfortable with the unique rental model, as it can impact property valuation.

And they don't have evictions, busted furnaces, or the hassle factor of property.