Right now, in NY, there is a dearth of good applicants due to the time of year as well as the compounding effect of everyone "sheltering in place" because of COVID. 

Can the borrower find out and inform me or is that privileged information?

We’re you aware that the math of your statement about benefits of long term math produces a compounded return of 10%.

Is it compounded or non-compounded?  

The application is pretty self-explanatory, but my question is more about "box 8" where it says "Owner's Business Privilege Tax No."

His answer was "compound Interest". 

Using debt compounds these risks so I'd argue you need to be even more conservative and seasoned to use debt for what you're trying to use it for. 

I recently attended a seminar by Fortune Builders, was persuaded to go to their three day summit for $200, and left after the second day because I didn't like the way they tried to make you feel privileged if you got 'selected' to do their mastery program for $35K.

The seibenthsaler compound on spring creek is notable he owner a square mile there.

Double check your state & county laws...I do know in my area, there is a 10-unit minimum threshold that puts it into the MHP class. 6 units may end up in a different class, zone, etc.Myself, IF the area is conducive to it, i would buy it, rehab them all with different themes (like swampland, big easy, etc.) and create a cool Air Bnb rental "compound", where could get $50-$100 a night income per unit.