Hello, I’m a new investor in mobile homes from Philadelphia, I was wondering what are the requirements to attain a dealers license?

Considering adding a 1/2 bath in our kitchen pantry which has ample space, in order to add equity (1 bath is a hard sell) I’d appreciate your input and hard questions, .i.eWhat am I not considering?

We have ample cash reserves to protect us from the property though.Our current mortgage on the townhome is a VA loan and we owe approximately $188k at 3.1%, paying approx $1200/mo. 

If you can be more specific with your goals maybe I can outline a plan of action that works for options and is attainable to achieve.  

If you have a high or medium asset you will be fine as you will have ample selection of pms so taking a little time to vet shouldnt be too bad. 

. - the only thing such LL's will catch is either a law suit, a disgruntled tenant or a startled tenant (which poses a safety concern to you) if catching lease violations is a concern (which it should be) error on the side of AMPLE notice and you'll accomplish the same thing simply because it puts the Tenant on 'guard' to 'clean up' their act leading up to your inspection - which is really the whole point anyway.

Is it attainable? 

Is the interior of the property flat roof at 8-ft height with ample room in attic space? 

Kristi - get pre approved to see if your  income as is plus your  husbands and  brothers  will be ample to qualify for what you are needing  ..the fact you have  large  assets will not matter too much ...also self  employed borrowers  will normally  be qualified using the past  2 tax returns and have the self emp income  averaged  .....so the returns for 2019 are not crucial to have completed now .......DSCR loans are  much higher in rate/ fee than normal  home loan prices so best to try to get the  normal loan  before using this type of loan

Any advice on what to do to attain our new property without having to go through a conventional loan process and having to put 20% down.