With your considerable experience and, I'm assuming, strong credit score, you would be well-positioned to receive high leverage and low rates from most private lenders.

Mom and pop keeping the MHP forever and passing it onto their heirs who keep rents artificially low forever.

My agent has found the financing contingency states that if financing is not obtained due to a low appraisal, the contract is void, the EMD must be returned to the buyer.

Quote from @James Wise:I need to dig up a podcast that I listened to about 2 months ago with Tom Ferry, and the person was giving all the states, You are pretty close to that number on 5 days or more.. 95% range, the industry is very off kilter these days with the low activity of 2023 and 2024 that most people licensed just retired, gave up, or thought they were going to do something and never could get a sale due to bad leadership.

One of the biggest mistakes newer investors make is over-rehabbing houses and spending too much money on these low ARV homes.

I have a reasonable amount of cash on hand, excellent credit, and low debt-to-income ratio.

@Bonnie Low  How does baselane handle credit card transactions?

Also, there may be some tax benefits if they can qualify for federal funding based on low income. 

From a financial standpoint, the key is to ensure you're purchasing properties at a price low enough to make rehab costs and refinance achievable.

We decided to market it as a 4 bed/1 bath with an office.Listing Price - $199,900Property Taxes - $2,230.13AssumptionsPurchase Price $230,000In this case I had seen similar properties selling for $225K - $250K so I felt the property was listed low to drive up interest.