Many banks have never done a mobile home park loan before, so they may charge a higher rate because they perceive it as a higher risk -- probably from watching too many reruns of "8-Mile" with Eminem. 

Your suggestion helps in the conversation I'll have with them.One issue I have in mind, perceived or reality, is that we initially negotiated the price in this deal with the seller as a cash deal. 

The time component will be spent on the front end regardless (picking a manager OR building a system... both take an equal amount of time unfortunately, lol)BONUS: Professionals in all businesses are recommended based on perceived experience and tenure...

Certain sub-markets will be deemed less risky and thus a higher price will reflect the perceived lower risk.  

Landscaping CAN increase the perceived value of the property immensely.

So far you keep it at that and no co-mingling personal and professional relationships because then it can become a slippery slope when some tenants perceive the smallest gesture as a "weakness".

Less people willing to take on the perceived risk of a property that needs a ton of work.

If she borrows a lot the credit score going down will cost here future money in higher interest rates.Some credit card and other companies now have provisions in small print where if other accounts that are not their default and start going late they can up their interest rates to cover future perceived risk.They can also freeze credit lines,credit card accounts and just ask for her to keep paying the balance but not allow new charges.So there are many implication here that have to be considered.There are certain items by law that creditors cannot touch.That won't keep the collector though from trying to convince you to pull from a retirement account,401k etc. to pay them.So watch out and know the laws and your rights.The owner of the actual loan and who services the loan could be the same or different entities all together.The point of contact will be the loan servicer and they will contact the owner of the loan directly.Whether a bank wants a property back will depend on costs to foreclose versus a DIL and if any post redemption rights exist which the seller could waive giving the property back to the bank.If there are a bunch of additional liens attached the bank will generally foreclose to wipe those out unless the junior liens agree to release for a tiny amount say 1,000 or so.First step is to get and ATH(authorization to release) and get it to the bank for permission to speak about the account with the servicer.With the account being current they won't be that motivated.Usually you are in customer service,then after a few lates you will go into collections,and then loss mitigation before foreclosure attorney gets involved.

This is because a double close presents potential title issues (real or perceived) and most lenders don't want to incur the risk of not being able to insure/resell the loan to HUD or FNMA.So, if you only have an option on the property and plan to double-close, your best bet is to find a cash buyer or a buyer who is using some form of non-conventional loan (like hard money).As for issue #2, some lenders will fund FHA loans in less than 90 days, though many of the big banks will not.

(b) Statutory Definition -- With respect to an individual, the term "disability" means(A) a physical or mental impairment that substantially limits one or more of the major life activities of such individual;(B) a record of such an impairment; or(C) being regarded as having such an impairment.So besides knowing that, (and everything else at that site) it will help you to know what the MAJOR LIFE ACTIVITIES are:902.3 Major Life Activities902.3 Major Life Activities(a) General -- For an impairment to rise to the level of a disability, it must substantially limit, have previously substantially limited, or be perceived as substantially limiting, one or more of a person's major life activities.