Before purchasing a rental property carefully evaluate the appreciation potential.

My guess is that the institutional big banks would have a problem with it, while the smaller local banks and non-bank lenders probably wouldn't care as much. 

Would the buyers/borrowers be purchasing with the intent of putting a mobile home on the property and making it their primary residence?

They took care or the property. 

Once the rehab was done I refinanced out of the private loan into a conventional loan as a primary residence.

Care to share?

@Jason Khoury I purchased my current residence, a duplex, from a local non-profit about 5 years ago.

@Robert Zajac pretty sure BRB charges less than an 8% management fee, so just as @Nathan Gesner states, they are making up for being below the "industry standards" by charging more elsewhere.BE CAREFUL about PMCs that claim they don't charge a markup on maintenance - TIME IS ALWAYS MONEY!

However, consider STR seasonality, local regulations, and management demands, and ensure your equity loan and new primary residence costs fit comfortably within your budget.

@Edreco AmosHello,I reside in Miami and I do agree with everyone else.