However, we typically use the FHA-203k loan because it involves a renovation, which I highly recommend if you are looking to really boost your equity and have the cost of the renovation wrapped into your loan with a VERY LOW AMOUNT OUT OF POCKET.I like the FHA loan, but honestly, the Fannie May Home Style is an even better product at this point because you just have to bring a bit more cash to the table 5% vs. 3.5% (w/ FHA), but you have a bit more flexibility.  

Also can you list some banks that allow the soft pulls when applying for business products.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

@Hsin-I Hsu  It depends on your long term goals, risk tolerance and earning potential.A couple of bay area sayings:   Any time you can afford to buy real estate you should.  

Then you wind up with units in your park that default on lot rent and cannot afford to move the trailer. 

Lets start with when it does not make sense: Owner finance does not make sense when the borrower cannot afford the property. 

Adding value and sweat equity to the homes we occupied was the only way we could afford the bigger properties we needed.

They may have economy of scale but the consistency of delivered product is not always there. 

I choose that market due to affordability, potential cashflow and cash on cash return. 

Cost of Living and Affordability: Texas has been known for its affordability—how does it compare to other emerging states like Tennessee, Florida, or North Carolina?