The reason is that the tenant can collect multiple times the deposit from the landlord for a seemingly endless list of offenses.

So can someone smarter than me, convince me that endlessly borrowing other people's money to buy things you can't actually afford somehow has a happy ending?

The only time there's a problem is if they are overdrawn/insufficient funds, in which case you know within a day or two vs. waiting 10-20 days for a check to bounce or listening to endless promises that "I'll pay you in a few days..."

There is seemingly endless amounts of content to be consumed here.

(if you are in the right market).2) The ability to buy cheap from moms and pops with huge room for upside in rent increases and occupancy increases.3) The ability to obtain seller financing (which is what got me into the business to begin with).4) The huge underlying value in being in an industry that has not allowed new construction since the 1970s.5) The low management intensity when you are just renting land.6) The only remaining sector of real estate in the U.S. where you can hit 20%+ cash-on-cash returns if you are smart.7) The win/win business model of bringing old mobile home parks back to life.8) The beauty of being in a business sector that is on the right side of every American megatrend.But there are also the following drawbacks:1) Suffering through a huge negative stigma that makes you embarrassed to even tell people what you do sometimes.2) Suffering through some city halls that hate mobile home parks and everyone associated with them.3) Suffering through media that assumes that anyone who owns a mobile home park is therefore evil no matter what you do.4) High levels of risk (and almost certain failure) if you do not conduct good due diligence.5) The endless risk of private utilities unless properly vetted.6) Learning to adapt to the customer base and being a good landlord that gets the job done in a friendly way.7) Not getting involved in the hysteria of some markets that offer little in the areas of returns or safety.I cannot emphasize enough that this is not a get rich quick scheme, but a get rich slow scheme.

The possibilities are endless.  

You can add in balloons and refinance out at a later set date ..She can master lease the property to you with option to buy .. you can get a money partner to come in and JV the properties ..the list is endless on how you can set this up 

We can talk endlessly about screening, but you can't really protect yourself from them.

One parent (Guarantor) has endless requests: Can we repaint the entire interior, or at least the bedrooms?

I will NEVER enter into a laundry lease agreement with one of these companies unless it's my lease with my terms.Just doing a simple search in BP will show the endless complaints about laundry leases and practices.