That seems to be extremely unique in today's environment.But if you're looking for more tenant stability, some of the options you listed might be a better fit. and don't see it talked about a ton here (that may be a good thing)

I'm just starting out learning real estate, but I can't decide whether renting or flipping is a better option.

Have you considered this option as well? 

That is the best option if you are truly trying to help a family member.you cannot get control of the mortgage, you can do sub2 but you are not in control, the bank could call it due if they see the property transfers title.The other way is for you to buy it from them at market rate, then rent it back to them at market rate.

As noted, if your options are Reg D, private offering vs fully registered public offering, even if you are talking Pink Sheet (OTC) stocks, you have public filing costs, annual audit requirements, and likely more on-going expenses that have to be covered by the property(s) owned by the offering.  

And if that doesn't work, at least you have options.

I will appreciate your recommendations  on local contacts as well as some insights on mobile park business. thank you Victoria Hey Victoria, do you have any financing options or you paying cash? 

Clearly define terms, including an exit strategy, buyout options, and how proceeds will be split.

You want a property that has the highest probability of maxing out on appreciation.Once done, you would want to explore the options below to maximize your rental income:- STR- MTR- Rent by RoomYou should go into this understanding YOU will live in the worst unit - in an illegal unit in the basement if you can!

I am also a lender, with Chase Bank, but want to expand my knowledge on hard money and private financing options.