However, if you plan to rehab at all, you will then need a licensed contractor to provide bids on each project you plan to rehab.You will then be asked to provide a proof of any funds to close, purchase agreements, and if closing as an LLC - most times documentation on that LLC.Overall, the larger number of units (5+) makes the lending process based more off the property than the borrower, contrary to traditional single family housing.I would recommend you work with a Loan Originator/Broker who will be the medium for you to the lender/s.

They typicallyrequire a larger down payment and may have shorter terms, but they can be agood option if your goal is to hold the land for future use or development.Subdivision Loans: If you planto divide the land into smaller lots for resale or development, a subdivisionloan could be the right choice.

If you can build equity and pull out cash through a BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy, that could get you the funds you need for that larger down payment on a multi-family or HUD loan.

But if you buy four $200K houses then it's apples to apples and you're not going to fall behind.For what it's worth, I'd be concerned that if you over extend yourself buying a primary home you'll create a larger scale issue than just being house poor.

Years ago when I was a licensed realtor working for my parents company in South Texas, a client called and told me that the house I sold her had a ghost dog. 

If egress is already available, great, but often times this means digging an egress "well", structurally reinforcing the foundation where the larger window will be going, etc.  

FHA and conventional may have different guidelines for a % of square foot, but I would guide you away from a larger bank lender and more to a real estate lender. 

Larger operators will get dozens of reviews per month and many more touchpoints in direct communications.Do any of y'all use a vendor, team member, or software to analyze these interactions for insights into areas of opportunity to improve guest experience?

2 - Right now, with you that profit buried in this property, if you sold, could that same profit now used as a down payment, buy you a larger property value? 

I have since been keeping in contact without pushing her and making her feel pressured.I spoke with the seller again today to try to get the ball rolling and she mentioned her daughter is a realtorand she had her ask a friend that deals in larger MHP whom said the property is worth over $300,000 but stated that because of the size and lack of comps its hard to give an exact amount.I asked her if $300,000 was what she was looking to get for the property and she said she was thinking more like $250,000 as she owns it out right and would rather see someone else benefit from it like her and her husband did.A similar ranch home not even a 15 min walk is under contract for $280,000 currently.