In one example provided by KBRA, if it was determined that the purchase option attached to a property violated consumer protection laws, tenants would then stop making rental payments, which could cause significant shortages in the funds available to the note holder to make payments to the servicer.And if that happens, the funds that ultimately flow to the bondholder could dry up as well.KBRA does caution that rent-to-own and lease to own securitizations are in their extreme infancy, and said that it expects to see “significant diligence and disclosure” surrounding the deals’ inherent risks.

We broadly have a housing shortage in the US, this is total units that can be lived in.

There are no shortage of lipsticked pig properties out there, and learning to spot them is essential for successful RE investing...we're all susceptible to "shiny object syndrome", but being aware of it is the first step to avoiding it!

With all the Covid pay and labor shortage and this or that I've put that on the back burner.

Then there was gas shortages, the S&L scandal, Enron, Dot.Com bubble, challenger explodes, GARBAGE PAIL KIDS, I mean really pick your calamity, chaos and fear center over the last 40's years and the worst of the worst is a 10yr "blip" from '08'.

As long as the older units are taken care of and show pride of ownership, the park can still be a profitable park and can be held for years to come as the shortage of available affordable housing continues. 

Have the workmen start with that unit (where you sleep) (and all other non-rented units), then when it's almost done move out and put a renter in and move to another un-rented unit.That way you have  local base of operations and can manage the rehab as well as manage and hire a manager and maintenance for the place, while managing the (one you know better) back home by phone.If you can turn a "Down Unit" into production with a renter living in it, in 20 days, consider yourself to have a good team (unless product shortages are an issue, or permits take forever there.  

I've found that the first year is the most difficult year financially (cash shortage, repairs etc).

They walked me through all the costs associated...of and by the way City of Wilmington has a shortage of licensed HVAC people who are honest and reputible.

Your strategy could work if properties are distressed… but keep in mind, the inventory shortage is still here.