It sounds like your LO works for a portfolio lender.  

````````````````````````````````````````````````First of all sandwiches are tricky and not for newbies and crap attorneys.I advise folks to -get on TITLE, either seller financing or contract for deed, now you OWN IT - and can resell on either LO or LP or lease w ROFR

My two back up plans are to flip the property if prices continue to climb the way they are or to just rent it out without the LO.  

With all this being said call your LO and get themmoving or find someone else who will.

Most LO's do not do them because they have been told they are hard to do.  

If you have letter stating they send to wrong address from collection agency you can provide to your LO they will send to their credit company and within a week they can do repaid scoring.

And be doubly sure the LO, their manager, and or the underwriter has verified to you that they'll give you a loan on a non owner occupied 30 year old manufactured home.

. $5k a few times in a year can cost a LO a job.

Find someone in your market who does lease/option (L/O) well and find out where they got their paperwork.

That's about right for a 85% LTV LPMI 15YF n/o/o, which is rarely done (good on your LO for scratching your itch, and being one of the 1% that is REI friendly!)