So, your property must be secured with deterrents to hopefully stop this from happening - but, it's impossible to guarantee security.

@Janine Sharma The decision to classify your onsite mobile home park property manager as a W-2 employee or a 1099 contractor depends on the degree of control you have over their work.

Insurance right now is wild, so I'd get a solid broker on your team - I'd be happy to share my contact if that would help.Also, aren't most of the existing insurances shared on the OMs for the properties? 

I've invested in 6 properties and counting with them.

@Andreas Mathews admirable, but make sure you do some research so you understand what a PM can make.Starting your own PMC business will require 75-150 doors to make a decent living, depending on gross rents and your fee structre.Working for a SFR PMC as a PM, will require a RE license and you usually get paid a percentage of the gross rents the portfolio of owners/properties you manage generates.

So your capital gain when you sell this property will be calculate against your tax basis and not against your mortgage as many investors expect.

Investment Info:

Single-family residence fix & flip investment in Success.

Purchase price: $55,000

Cash invested: $25,000

Sale price: $119,000

Bought at around $50k
Fixed up at around $20k
So...

@Dan AudinoFor path #1, is your eventual goal to rent out the property?

Yup, property condition, vintage, neighborhood, tenant base, property management are all very important considerations. 

Would a cash out refi be under commercial terms since the property(s) are under LLC?