Looking at the Fannie Mae website, I found the following requirements:Cash-out refinance transactions must meet the following requirements: The transaction must be used to pay off existing mortgages by obtaining a new first mortgage secured by the same property or be a new mortgage on a property that does not have a mortgage lien against it.Properties listed for sale in the six months preceding the disbursement date of the new mortgage loan are limited to 70% LTV, CLTV, and HCLTV ratios (or less if mandated by the specific product, occupancy, or property type – for example, 65% for manufactured homes).Note: Properties that were listed for sale must have been taken off the market on or before the disbursement date of the new mortgage loan.The property must have been purchased (or acquired) by the borrower at least six months prior to the disbursement date of the new mortgage loan except for the following: There is no waiting period if the lender documents that the borrower acquired the property through an inheritance or was legally awarded the property (divorce, separation, or dissolution of a domestic partnership).

It has been accomplished in Europe, but materials (Passivhaus certified windows, ERVs, etc.) and expertise (and experienced workforce) are more readily available in Europe.While we have Canadian window manufactures who produce products meeting Passivhaus standards, volumes are low (only a handful of Passivhaus builds occur in Canada each year) and, correspondingly, prices are high.  

I went out on my first real Driving For Dollars trip looking for properties to wholesale and came across a neighborhood of old and run down mostly manufactured homes (on brick).

I am majoring in Manufacturing Technology Management with a minor in Agricultural and Industrial Engineering Technology. 

The defect exclusion pertains to defects in construction or products you actually build or manufacture and nothing to do with an unrelated product defect. 

Either way, FNMA does not lend on multi-unit manufactured homes. 

@Desirae PutzierOk, first, when I say "meth lab" I am referring to any property contaminated by the manufacture or use of methamphetamine. 

I am curious about investing in mobile/manufactured homes as rentals.

There have been others who have had success in the 55+ market in the manufactured home niche.

I have been in manufacturing for almost thirty years and I feel I need to make a move toward financial independence.