I showed them the whole business model and spreadsheet...We ordered the Feasibility study and appraisalThen they gave me a Term Letter that states everything even construction cost analysis by their 3rd partyThats where we are atwe have a GAP of $2.7MWe came up with the strategy last night.. that at the very least we need $1.5M cash to pay a balloon payment by June 27 or it forecloses... the lord will not let that happen.So I have the green light from the Lord to talk to all the interested investors as He is opening up the doors of Favor

This situation is why I don't like the rent by room model and wouldn't use it myself, but some people are very successful at running harmonious co-living arrangements. 

I replaced a furnace at a rental with in base model, I don't recall the BTU or efficiency off the top of my head, but it was $3450 so I would guess you are going to be upwards of $6500-8K depending on sizes. 

The section 8 business model just doesn't work with my business model.

The FedEx Express driver has told me that the ground/home delivery contracts get sold all the time.

Make sure your financial modeling is SUPER conservative with a lot of stress tests.

We're interviewing tenants now, and are pushing rents above the modeled amount.

To fill a vacant mobile home park lot typically requires bringing in a home and selling it, while filling a vacant RV park lot simply means somebody pulls in their motorhome or travel trailer.Think of RV parks more like owning a restaurant (and the hands-on management that entails) while owning a mobile home park is more like owning a parking lot that rents spaces out monthly and is much more passive in management.Some people just prefer one business model over the other.

 So does anyone know if there are any property managers that manage properties in San Antonio where the model is rent by the room?

However, I lack experience in the USA market.I propose a hybrid investment model where the lender provides 100% financing for all costs and becomes a co-owner of the property.