I have provided them a letter from my broker about the amount that can be used.

So if you can handle the financing for all this until the builder starts buying lots and building , You should do well 

@Tobias JonesesI don't know the Long Beach market, but here in Colorado, another high-priced area, you can still do well with short-term rentals, but ... it's harder than it used to be.My STR investor clients that succeed are doing a few things.

Wise lenders have borrowers sign legal agreements and have them provide collateral that is worth more than the amount of the loan in case the borrower doesn't make the promised payments on the loan.

His knowledge and clarity in the field is amazing  Frank and his team are knowledgeable well versed in MHP operational issues but they have an agenda that they aggressively pursue.  

For some of my homeowners - I provide them with several options 1. 

I'm a licensed Real estate agent and investor in the state of Texas, focusing on buying homes AS-IS, as well as helping clients list and sell properties.

Believe me, things ALWAYS come out, no matter how well litigants think they've hidden them.

Based on the numbers you provided, these are well above the debt service coverage ratio of 1.25 hence from a lenders perspective, this is loanable.

@Josi Colley I was looking to BRRR as well.