@Phillip Austin we've looked into these and it's our opinion they should only be used with Class A tenants, maybe Class B - deifinitely NOT Class C or D tenants.Several companies in this area will no longer allow S8 leases or tenants under 600 credit scores - because of the high number of claims & corresponding claim amounts.

We have found what works and repeat it as much as funds allow.

Michael, that is not entirely correct.Some sponsors will set up a syndication investment/crowdfunded deal in a TIC or DST structure which can allow this.True, but it's done very rarely and for small groups, typically accredited investors.

It allows you to live in a home that meets your needs while offsetting mortgage expenses.

I am in PA and yes, it is legal to charge late fees to your tenant regardless of Section 8 subsidies or not, provided the tenant's lease allows for them.

I have STR investors in Florida making 25% cash on cash returns, long term rental investors picking up properties directly off the MLS and cash flowing day 1 in various states, and house hackers completely removing their housing payment from the picture allowing them to save for for the next property.The beautiful thing about real estate is there are so many ways to succeed and a plethora of strategies depending on your comfort level and how active you want to be.

@Remisola Omodara per Texas law, you are only allowed one Homestead exemption at a time, so not sure how you had multiple ones filed.

Is there any other ways to finance that would allow me to sell the mobile home in a few years and not be stuck with it for the life of the loan? 

The guests have a credit card on file and your policy should allow you to charge for damages or excessive cleaning.

In the end you always roll the dice on guests.I don't allow instant booking.