Bad news travels fast. 

I think they can unlock something special that will subconsciously create them not to spend and focus on creating wealth to set them free from the 9-5I think that you are trying to make the HELOC look bad.

That doesn't make them bad, per se, it is just a very difficult market right now. 

(They also assured me I would not take the algo hit.)I no longer default to pre-approval as for me, it's bad for business. 

Facebook has become a big one, but you have to watch out for bad actors.

Your biggest problems here are going to be how to properly qualify someone, what to do if someone stops paying, footing the bill if you have a big repair item, finding quality and reasonable vendors/contractors to fix things, and keeping track of payments.If this isn't you, give me some more context of where you're at and I can give some better insights. 

He is a younger guy and didn't have bad credit or any evictions that he needed to explain away.  

You want to consider the quality of tenants you get and being in a central area means people can get to their jobs / school conveniently.

However The barrier to entry in the REI teaching business is very low and a lot of bad players join the game.What you describe led me to come up with Ned's Rule of Gurus.The quality of an REI course is inversely proportional to the price

These homes tend to individually appreciate over time and are actually not bad places to live.The places with the lot rent you have to decide if you want to be in the mobile home business and buy the park.