If you’re working with VA-savvy lenders who are comfortable with your plan and don’t impose stricter rules, you might be able to rinse and repeat as you described.

Quote from @Jack Krusinski: When my rental properties are in a situation like this, I make an effort to create a structured and aggressive payment plan to help tenants catch up.

Hi, I'm planning to start investing in mobile homes.

Tell her if she doesn't agree to the new rate, she give notice to vacate and provide move out instructions. 

Also, I plan on purchasing this property with cash.

The sellers plans to exchange will not affect you or the terms of the sale.

Set action plans that your going to strive for ____ and if by __ date plan A fails, you roll too plan B.

As others have stated, your fit & finish goals should be guided by whether you plan to:1) Rent: tenants don't always take care of a property, so you want to use lower-grade materials and workmanship.2) Flip: higher quality on workmanship and materials is usually required.Regardless, you always want to "Maintain to the Neighborhood".

@Sara Donohue I don't recommend buying land if there's not an actionable plan whereby the buyer can build.

How long are you planning to do this approach?