Hopefully that upfront diligence plus a healthy contingency budget would suffice to keep me out of that scenario, otherwise I would foresee a guaranteed loss, or underperformance at the very least.

Good contractors want to be able to guarantee their work, and if you are providing them with garbage materials they can't do that.

. - Consistent Payments: The rent portion covered by the housing program is guaranteed and paid on time, reducing the risk of late payments.- Large Tenant Pool: Housing programs often have waiting lists, so demand is high.

If the LLC is the maker on the note, there's a good chance you'll be required to personally guarantee the note.

(Manhattan condo starts at 2M) I can guarantee 95% properties are running illegally. 

There isn't any guarantee that whatever you do will add significant value to the property.

What is your Guarantee?

The park owner will want a bullet proof guarantee that the home will look great when completed and you will be on the hook for the space rent as negotiated until it sells. 

Cashflow is guaranteed, Appreciation is gambling, blah blah blah.

If you have a 2 year work history, and go get a W2 job tomorrow, we could use your base pay right away (as long as it is "guaranteed hours" or considered "full time".