Private lenders, Hard Money Lenders, a "subject to", an Lease Option, or a Private Lender don't usually care how you do the ownership. but most of those require some cash in the deal or "sweat equity" as a safety factor for them. 

@Ricardo Gomez   So for each property I gain, I add $6,000 to my “safety account” I won’t touch that money unless it’s for the reasons you listed.

If a tenant were to upsize the fuses, it is a major fire hazard because the wires can not handle the extra amps and now the fuse will not protect the wires anymore.

Cap rates have even compressed a lot in Schen in the past 18 mos though, it's tougher to find deals but WAY easier than Albany or Troy, and frankly I'm more comfortable with the safety of many Schen neighborhoods than I am with Troy, there are shootings daily in Troy lately.  

Given the recent explosions north of town and the huge number of leaks our old neighborhoods deal with (gas company is always out ripping up the street), many people are beginning to question the safety and efficiency of gas. 

Also any hazards such as height to the roof.

My safety net isn't where I want to be.

After spending over 18 years in the healthcare industry, primarily in Nutrition & Wellness, Quality & Risk Management, Patient Safety and Performance Improvement I've decided to do something a little different.

If I rent the property for $650, this is what I have:Expenses:$20/month hazard insurance on the trailer.$42.83/month taxes$65/month vacancy$65/month repairs$65/month capital expenditures$65/month management (I will pay myself to manage).$322.83/month Principle and InterestMonthly Cash Flow: $8.97I know This isn't a great cash flow deal, but I would essentially break-even until the property is paid off in 10 years if I held it as a rental.The other scenario, which I am leaning towards is to sell to an owner occupant with a wraparound mortgage.I could increase my cash-flow substantially, get a decent down payment, sell for a higher financed price, charge a much higher interest rate, and enjoy less management headaches.If I sold on a wrap I could sell for $39,900$5,000 down (tax refund time soon :)$34,900 amortized for 15 years @ 12.75% Interest = $435.84/month PIThis would allow me to make money on the front end ~$4,000 and make $133/month cash-flow.I could also play with the numbers a bit to make a higher IRR, but this seems like a doable scenario.Would you buy this?

I do have a full time job as a Systems Safety Engineer.