How much are they paying in the area?

You can have multiple conventional mortgages and have a great credit score as long as you don't pay late or get too close to the maximum debt to income ratio.

I will appreciate your recommendations  on local contacts as well as some insights on mobile park business. thank you Victoria Hey Victoria, do you have any financing options or you paying cash? 

And when those all got called and we had to mark to market it was beyond our capacity to just pay everything off we had to fire sale and lose millions.

I was thinking I could put down the 50k so he had enough to pay off the heloc and make payments to him for the remainder to be paid off in 10 years with new renters.

What if they build just outside the city limits, so they are not paying city taxes?     

For example, I have a tenant portal where they can pay rent or submit maintenance requests.

Immediately, I performed a Roth conversion, and instead of paying taxes on $50K I'm paying taxes only on $21K.

However, if you elect to go this route, just make sure you've analyzed your portfolio with your insurance agent to make sure you can afford these deductibles when it becomes absolutely necessary to pay them.I hope you find this useful. 

In the meantime, if rental income is able to pay for the cost of the mortgages then I frankly do not really care what the interest rates are.