Educate yourself on investment fundamentals and understand lender criteria, such as minimum loan amounts and property requirements.

I am telling them and anyone who wants to plant substantial amounts of cash into a PPR fund that they better understand the risks and ask PPR the questions I pose (and more!)

That could lead to future fix and flips or BRRRRs.

If the buyer fixes it up it will probably be worth 160k. 

Was wondering if anyone is fixing and flipping mobile homes in the Austin area?

Most lenders will use a "Loan to Appraised Value" ratio to determine the loan amount on a refi.

Based on a value of $165k, 75% LTV would make your new loan amount $123,750.

Some of the questions I'm asking are as follows:- Age of roof and HVAC - Any major maintenance issues/fixes done recently

So those fixed costs, like calling a plumber or replacing a fridge, are going to cost more, as a percentage of your rent, to handle.  

The tenant-buyer has time to fix their credit and save more money for a down payment during the option period, then exercises their option - fulfilling their desire for home ownership.