We have been around the bigger pockets community for over a decade now and have more 5 star reviews on bigger pockets than any company on this website in any industry (>270  5 Star reviews).

@Drew Murtaugh it is going to be very hard for you to do this type of deal on your first go around.

Would it be wise to use a HELOC on our current residence to use for a down payment on a new property You can make $ investing anywhere.

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.

Got an equity line of credit and borrowed from it to pay cash for the property.

@Cameron Moore I knew I could count on you for a legit answer.

Many if not most lenders will also want a Certificate of Standing that you get when you file your LLC on sunbiz.

Or is that actual so you have the ability to add more to the bottom line? 

You can also find many here on BP. 

Like should I have a folder on my laptop for the tenant and keep a copy of each payment I receive from them?