He puts more money and effort into his properties than a normal section 8 landlord.

From research and talking to some individuals in the industry, modular homes are supposed to appreciate like a normal site built home, but does anyone have any firsthand experience with this as being true?

If painting is required in under 3 years because of non-normal wear and tear, then tenant is responsible.

You normally have to leave the lines uncovered for inspection when you run a sewer line. 

Normal Conventional loans do not support these types of projects because of the conditions of the homes. 

Ask your title company to pull a typical mortgage for you ( they are recorded) then read every section of it.. you will normally come to a section of the mortgage that says EVENT OF DEFAULTand thats where these events will be listed. they inlcude Wastenon payment of insurancenon payment of property tax's Alienation of title  ( thats what your doing when you transfer title and do not payment off) sub too.Etc.. 

You don't run into this normally on this board.

Teak is normally a 20 year or longer play.  

Tenant-landlord law often limits what this can be.Insufficient funds: If you accept personal checks and the check bounces, there is normally a fee.Key/remote replacement fee: If new keys, garage door openers, mail keys, etc need to be replaced for the same tenant, there is often a fee.Breaking lease:  If a tenant moves out before the lease is over there is often a penalty clause. 

In normal circumstances, your suggestion about avoiding a MTM lease makes perfect sense, and it's a strategy we plan to adopt in the future.