Reason is a Heloc generally carries a higher rate on a shorter term and "Can Never" be used as an "Asset, or for PITI reserves" which are both required when you buy an investment property. 

It’s not just the cash received at closing, you have to consider the mortgaged portion of the relinquished property. 

While I know Brandon and his team has experience, the going in cap rate is very low for MHP (I was told mid single digit).

The unit SF is one component of its size, but then we will sometimes add exclusive use common areas  as well as a pro-rated allocation of the common area.

We bought the property at below market rate because the seller was motivated and needed to close quickly.

I have access to see properties on market with assumable mortgages for FHA. 

There was just a BP pole that rated NC as one of the top growing investment markets. 

We only get a statement from the management company about the rate.

Many likely have coverage for their mortgage balance or from many years ago.

Expenses went down and ratings / reviews went up.I did the switch after staying in an Airbnb that provided both flowers and local bakery goodies.