Why did the funding fall through and what LTV are you looking for?

Especially in Indianapolis in the fall heading into winter the MLS has listings all day long at great deals with great cashflow, using actual numbers and actual comps.  

Also keep in mind that property values can fall, so what you borrow out as a HELOC today may not necessarily be available tomorrow.And lastly, especially when leverage HELOCs or any money for that matter, it never hurts to have plenty in reserves.Best,Dave

There are a few others over there that I have been eyeing up if this falls through. 

I was hoping that the close was early enough in the season that the PM would be able to find renters before late fall or winter.

Adversely, a fund that is targeting 8% has a little bit of a buffer as rates rise and fall due to the discount they would have to apply in order to achieve the return.  

Most of the middle class falls into the trap of two working parents, long time and energy sucking commutes, always stressed for time, buying stuff to keep up, eating out frequently, etc. if you are truly middle class the only thing preventing you from wealth is you (exceptions for major illness or other uncontrollable life events).

No problem getting them financed.I suspect this is a hybrid of Manufactured home and stick built add on .. not sure where that falls. but buy a manufactured or factory built home and affixing it to a permanent  foundation creates a home that is financeable like any other.. at least in all the one's I have done.. and will continue to do in your fair city.Also in Charleston SC were I am quite active there are a lot of factory built homes.. they are different than the west coast trailer style but none the less they are factory built.

Where does the liability fall? 

I guess there is some hope as I saw three MFU that were falling apart for years recently get bought up and now being rented out.