depending on the location and market. it is in a rural area and the owner is ready to move it, you can negotiate an owner finance. i was able to buy one a few years ago from an owner that was ready to move it and i sold her on the monthly payment to supplement their income instead of taking a payout. deal was, 8 years at 6% interest. i am now looking to expand on the park and grow it to 40 lots. rare, but these deals are out there. 

@Teresia Sayler since you're leasing the income producing asset, your income will be the difference between what you pay to the owner of the property and what your tenant pays you until the tenants exercise the option.I'd guess it should be on sch.E because it's supplemental income but not sure where do you put your rental payments though.I was thinking to do the same but decided that double sandwich is too complicated .......after all, it's easier with the property I own rather than lease option.I know people do it all the time .....interested to see how it's taxable, too

I need to take the supplement exam (reciprocity) asap. 

Just curious though, what is the additional benefits that you are alluding to that allows for your mother to form a new LLC and get some form of credit to be used as income supplement?

Will consider working to supplement Bank 2.

We also are not purchasing for income at this time, but as a supplement to retirement in about 3-5 years.

So what happens is they do work for multiple building owners because you do not have the amount of doors for them to live on.There are some cases where it could work if the repair person is retired and just using it to supplement their income but it can be a big problem. 

They will usually lend 65% of the ARV and you could supplement with your own cash if that isn't enough.Another option is to ask the seller to finance the purchase.

I am in the process of building a rental portfolio to supplement my retirement pension and would appreciate any pointers concerning taxes,choosing the best tax accountant and insuring multiple properties affordably.

The reason I'm interested in buy & hold is because I have a really great job and my goal is to simply supplement my income both now and in retirement.