I will say that because the M.A.Di. home can be assembled and deconstructed in such a short time that in some places it may fall under a non-permanent building designation which is typically exempt from many codes. 

@Jarret Sa'o Yes, I am a permanent Muncie resident. 

I certainly reserve the right to be wrong about stuff  ;) I only converse the way I do to be a permanent devils advocate.

If someone complains, taking a net listing and engaging in fraud will get you fined and your real estate license suspended or even permanently revoked. 

I did get one complaint that it was going off and wouldn't turn off so the tenant disarmed it... which is permanent.

I knew the property was a good deal and under market value in its current condition, and the wholesaler wanted $88,000 for it.It was a 2009 manufactured home on a permanent foundation in excellent condition.

For purposes of this provision, “the owner’s legal and permanent residence”shall mean a property owner who makes his or her legal residence at the site, as evidencedby voter registration, vehicle registration, or similar means.

Just need to really cherry pick the deal in order for the purch plus rehab plus closing costs to come in under the 70% LTV that most banks providing the permanent financing would require on a rate/term refi.If you can do that, you can be all in at $0!

I've found that there are two basic ways to rent these properties by the year lease to a permanent resident or by the week.

Was just wondering if anyone has experience on whether it would be more convenient to use a Heloc to build and then refinance to pay off Heloc or just a standard construction loan to a permanent loan.A little bit of  extra info: -it would be our first build -it will be a full concrete build (roof too) -We have enough equity in one of our houses to cover the build cost of both builds if we use a HELOC.