The key is by leveraging OPM (Other People’s Money).Do you have private money lenders in your circle who might fund the deal in exchange for equity or some interest?

My biggest challenge right now is finding a property management company that offers rent-by-the-room leasing services.

The security deposit must be kept in escrow, but it belongs to the tenant until the PM have documentation allowing them to contractually use those funds for damages. 

Hey Kenny no it's more out the money to work and if needed get personally involved right right now have 3 clients I helped raised 175k in 0% interest business funding with 12 months 0 apr and they want to get going in real estate and make modest returns not shooting for home runs 

unfortunately, the way their deal was structured Nickerson was on;y being paid for his name and for his teaching, the company was actually owned by Lowery, financially backed by the early version of the Provo Utah real estate marketing company.  

Most hosts in Chicago just pocket the full funds from direct booking, you would be in the very very small majority if actually paid city taxes on it.

It is possible to get 90% of your purchase price and 100% rehab funded as a first timer in 1-4 units.  

Quote from @David Ondrich: Here's a link to my company's application: https://northstaronline.managebuilding.com/Resident/rental-a...We use Buildium as our software service.

I don't see much information regarding this company. https://s8academy.com/section8Or have you had any good experience with any other programs?

If it were a stick built home instead of a mobile home there probably would be less risk as long as property was insured.Yes, this is my plan to get the land back, have attorney and title company check all the legal boxes and ask my CPA to write it off as a lossBuyer is going to deed the property back to me and I'll take a Promissory Note.