Quote from @Mary Holland: I'd love to hear about your experiences and how they compare to other types of commercial real estate financing.

I really love talking personal finance and real estate. 

At this stage, you can also discuss creative financing options, like seller financing, that might help bridge the gap between what you can afford and what they’d like to get for the property.

@Frankie Lotrec if you have an existing loan on the property and you plan to legally convert from a 4 unit to 5 unit , you should check the loan documents because you’d essentially be converting it to a commercial property, since 5+ units is considered commercial and subject to different appraisal approaches and so it would rule out the property being considered for purchasers utilizing residential financing.  

These low interest rates make financing property purchases more affordable and appealing, enabling investors to secure favorable mortgage terms.2.

Have you considered creative financing options like joint ventures or seller financing to reduce reliance on outside capital?

When you talk to finance people they act like they are lawyers.

Jacob,The advice you are getting from this guy who is "in lending" is very vague and is not covering all of the fine lines that manufactured home financing requires.

At this point, they are doing most likely what others here didn't think was possible, and probably something they failed at. 

At the beginning, it may be difficult to get a more expensive property that will appreciate well and so your choice is go with the cheaper property and get cash flow until you can sell and upgrade, or wait for a really good deal which you may be waiting for quite a while and its possible that you will have spent so much time waiting that you could have purchased multiple cash flowing properties by the time you get a good appreciation deal that you can qualify for / refinance after the rehab. i know anyone can go out and get seller financing deals, HML, flip to build capital or whatever the case may be I am just saying sometimes those will be harder and could result in less deals overall.