We offered asking price to begin with to actually get our hand on the deal.

Hopefully we will be managing a handful of other STRs in the same market in the future.

I’m also relatively new to the real estate space, and I’ve learned a lot by getting hands-on with deals and networking with the right people.

I’m a DIYer who is really needing an extra set of hands for most things.

You could convert them to a DSCR loan but then transfer them to a LLCWhat we have done is save for down payments and renovation costs, - buy properties that need work rehab them and then refinance them out making sure it meets our dti.

We feared it was too low, but we were not willing to accept anything more and left it in Gods hands.

If so, there are no transfer taxes due. 

You should also verify whether the lease agreement allows for ownership transfer without landowner approval.Owning the trailer means assuming responsibility for lot rent, potential removal costs, and liability risks.

Quote from @Richard Schubert: Closed and now have the keys in my hand.

Since I'm not a lawyer, there might be a specific reason, depending on your situation, why that might be useful.On the other hand, I've seen crazy large structures for small portfolios, and there are many attorneys willing to charge you for the help of setting them up.