Any good and bad experiences welcome. 

Since many residents use these basements as non-conforming bedrooms, it's too bad if these guidelines keep investors from completing this type of renovation and offering safe and affordable homes into the community.Kind regards,Michelle

Thanks in advance ;)  pay the tax. eventually will have to pay it anyways - rather pay tax now vs. buying a bad deal

@Gary R Uren You ask a reasonable question no need to feel bad about that.

My initial question is… Is it good or bad to have individual septic for each mobile vs one big central unit??

That indicates it's mounted loosely, or maybe at a bad angle.

You cannot afford to waste time.Just make sure your numbers are accurate otherwise you can create a bad rep among real investors. 

I am getting nervous over potential issues with the house or the loan options, and the prospect of either being pushed into a bad deal or losing $50k in a nano second.

One experienced investor said to me that if it looks like a different LLC has owned a home every two years it's a bad sign that the property is being passed around  from investor to investor.

Sometimes large employers will rent furnished apartments for their employees coming to town on a regular basis.Also, if you believe strongly in the appreciation of the house, how bad would the negative cash flow be if you did long term rental?