Do you view that a significant risk in this deal and others like it? 

A "kiddie condo" is the concept of buying a residential property with "owner occupied" rate financing made possible by having an adult child living in it, if only while they're in college or single.

Yes, more information is needed.

I guarantee your life would be so much better if you removed her and replaced her with a good renter.Do yourself a favor: buy "Every Landlord's Legal Guide" by NOLO.

However, this means you’ll need to comply with the annual filing, franchise tax, and reporting requirements in both states.

More of keep options open especially in more rural areas like Vermont, people are open to different types of accommodation especially if you are open and upfront about what to expect.

What made you interested in investing in this type of deal?

Have been listening to BP since 2016 and graduated college with a degree in Finance- worked in Real Estate Accounting in Dallas TX for a few large companies before making a jump to Project Management work in Denver CO. 

Whether that is staying in the family business or doing something else.

@Michael A Pansolini I own a MHP and looking for more.