As @Taylor L. and @Charles Carillo have wisely pointed out, this isn't a good idea.Whenever I have a contractor suggest this I always ask them, "if we lose money on the deal are you prepared to contribute to your share of the loss?"

@Charles SeamanThanks for the input!

Hi Charles,Shop around for Landlord policies.  

Originally posted by @Charles Smith:@Andre TaylorI strongly believe you did it the right way.... sadly all the finical institutions requirements are different... some banks require a seasoning period and others do not... some banks allow multiple properties under one loan others don’t.... only thing I’d suggest is doing your homework on your local banks and their requirements and save that info somewhere.

@Charles CarilloWhy you wouldn't give the tenant a gift, is there a reason? 

Account Closed Here are a few resources that I found valuable when I was learning about the details of investing in mobile home parks:Books:Mobile Home Park 10/20 Investment System by Dave Reynolds, Frank RolfeMobile Home Wealth Part 2:  How to Become Even Wealthier investing in Mobile Home Parks by Zalman Velvet, Stuart SilverThe New Investor's Guide to Owning A Mobile Home Park by Laura Cochran, Erin CochranThe 21 Biggest Mistakes Investors Make When Purchasing Their First Park and How To Avoid Them by Charles DeHart and Kevin Bupp (available for free from www.mobilehomeparkacademy.com)Podcasts:The Mobile Home Park Investing Podcast with Kevin Bupp and Charles DeHartMobile Home Park Investors with Jefferson Lilly & Brad JohnsonWebsites/Blogs:Park Street Partners - http://parkstreetpartners.com - This is the investment firm run by Jefferson Lilly and Brad Johnson.  

@Charles Biter Account Closed Thanks, guys..

Thanks @Charles Kao!

Thank you Charles!

Quote from @Charles Johnson: Is there a way to stall a tax foreclosure.