Prior to the 2008 real estate crisis lots with manufactured homes were often sold as a single unit of real estate much like a more traditional tract home financed with 'conforming' Freddie Mac loans. 

The higher you climb on any skill - the fewer people can truly help you and the less pre-digested information is available on the web.

Cathy,It's tough as a new investor to digest losing a low rate in order to take cash out through a refinance. 

A lot to digest but if they default then you are gonna have to get legal involved and foreclose and evict - which can be stressful and expensiveIf the tenant cannot get conventional financing it means they are not qualified for a loan - so you take on that risk.

Real estate development has a very broad profile but in the end it is digestible if eaten one bite at a time.

I had this offer on a 5 acre tract in Northern CA.. the Agent this time listing agent was gone and no one was covering for him and he was going to be gone for 2 weeks well being 25 and highly motivated I figured out who owned it.. and contacted them directly and told them Hey your agent is non responsive so I am calling you.. ( somewhat of a violation I know but at 25 and hungry I did not care)  We put the deal together the seller liked my gumption and he turned out to own a software company in Silicon Valley lived in a mansion in Los Altos hills and we ended up doing deals together before he bought his 100 foot sail boat and left the country to sale the world..

In fact, I ended up living in one of the commuter I-80/ I-5 tract home subdivisions, and all the people got up like 4AM or 5AM to commute into the Bay Area (so the bedroom community may be one niche, those like you who commute to find affordable housing, them as renters and you as owner/landlord)....

So much more could go into this post, but digest and then hit me up with questions.

The answers/info you get are the "Reader's Digest" versions. 

I noticed a good amount of the new constructions were single lots as opposed to tract developments.