Any answers or tips would be greatly appreciated.1) Is it at all possible to obtain 15+ year financing on MHP?

basically if anyone has any tips when it comes to researching plots of land in order to make the right purchase i would greatly appreciate it get with a realtor. we underwrite land at no more than 10% of after built value. in our market we build under the average new build value which is about 515k. we like to be around 420-450k and smaller footprint about 1500 sq ft with attached garages. we build close to urban core where everyone wants to live and net migrations match up. but suburban is fine. if you give more context I can help but in most markets land is a buyers market. most people aren't looking at it or buying it. 

Just wondering can you ever catch a great deal on the market  and if so what’s stopping you from taking advantage?

The property is located near two colleges, so I’m focusing on student tenants and planning for 12-month lease terms.Do you have any tips or advice for renting by the room?

Tips for setting up an LLC3.

That's probably what I'd do first unless you just have no experience doing these deals at all. 

I am looking to find a lendor who does finance for smaller deals.

More traps, patch up holes, tell your tenants to be extra clean when dealing with food. 

I would appreciate any tips or experience with any creative financing options!

Some interested buyers did go under contract but things fell through in the deals.