In addition, the Grantor will probably be required to sign the same seller's affidavit that are needed for a non DIL closing. 

While a more robust conversation around your entire financial picture would be required, here are a few questions that I'd want to double click on first:Where is Your War Chest?

We recommend RentRedi for tenant and lease management. 

To permanently affix a mobile home to the ground requires a foundation - just “tying” it down doesn’t qualify.  

Any recommendations would be great!

I highly recommend an attorney to draw one up as each state and each property can have unique issues. 

Your ability to qualify depends on income, credit, and lender requirements, but leveraging your equity makes your request more feasible.

Department of Housing and Urban Development (HUD) and Bankrate, the big perks of an FHA home loan are:Lower Down Payments: They typically require a smaller down payment than conventional loans, sometimes as low as 3.5% of the home’s purchase price.Lower Credit Score Requirements: They’re designed to help buyers with credit scores that might not qualify for conventional financing.

Aside from downpayment, you want to have a solid emergency fund in place, something that can cover unexpected repairs, vacancies, or any other random costs that pop up.I’d also recommend saving more than you think you'll need and keeping a close eye on your expenses.

If you're an accredited investor able to meet the minimum commitment amount required by the fund, I have to imagine you have access to opportunities that are more favorable to you as an LP.