But it is 1031 compliant. 

@Sid Leibowitz,Actually, modular home builders DO ensure that the product they ship to the site is entirely compliant with all the local codes.Be sure to avoid confusing "manufactured" homes (mobile homes, RVs, etc.) with modular housing which is stick-built in a factory in sections and the sections shipped on flat bed trailers to the home site.

The process is pretty quick however please be sure you are 100% compliant with everything they ask for. 

Basically it requires a test every 4 years to get certification to be legally compliant in Philadelphia.

Will save your staff and maintenance crew issues.http://www.proflo.com/product/proflo-PFADC412B-white-1053294(This is not anywhere near the actual cost - if you're buying yourself you can get them far far less with an account at Ferguson or by buying on one of their websites such as build.com)If buying Toto which I highly recommend - buy this EXACT model - nothing else - they stopped making the 1.6 gal flush bowl but are supposed to be manufacturing it again this month (who knows with the virus deal) as people screamed including me when they stopped in January)https://www.totousa.com/drake-two-piece-toilet-16-gpf-ada-compliant-elongated-bowlHere's the seats to buy - keep extra onhand as well as extra flush valves for whatever brand of toilet you go with.https://www.build.com/bemis-1500ec/s83468?

Different rules apply to refinancing as costs can be covered by a note holder or originator, offering much better terms down the road at a very low cost usually motivates borrowers to refinance so a balloon is not really needed in many cases.What ever is done on the more creative side, it's clear that it needs to conform to prudent lending practices, be consumer oriented and compliant, but it's possible to do business, it just needs to be restructured from what has been done in the past.I'd say too, beware of gurus jumping on such ploys, don't even think of going there. :)

A recent study showed that less than 10% of the seller financiers in the manufactured housing industry were actually legal and compliant.

If they feel you are being compliant and are trying to do the right thing, they ease off after a bit and go back to somebody else who is more trouble.

Even though you're only doing one loan and should be compliant under Dowd Frank (a one- property exclusion would even allow a balloon) just use an MLO anyway and have him bless everything you're doing.

The local boards have leases created by attorneys that are compliant with the Residential Tenant Landlord Ordnances.