It can come from a personal investor who will negotiate terms, or potentially a piece of the equity.

@Brian KohtzYes, you can potentially claim the property as a rental in 2024, but it depends on when it was "placed in service" for rental purposes. 

All depends on the market or if you want to be one of the only properties to offer a hot tub in your market, which could potentially tip your property to a top line in revenue and occupancy. 

You can still find positive cash flow (aka the 1% rule) and amazing appreciation potential.

So I would like to get these things hashed out well beforehand as something to present to potential clients and have procedures for my company.

If you buy a whole portfolio and your projections are off then you are potentially in trouble. 3.

Avoiding errors and being educated on the laws can save time, money, and potential legal challenges.

@Jonathan Klemm Plans are to either house hack again, potentially live-in flip or maybe venture into 5+ unit commercial

They tend to have more stable tenants, no shared yard maintenance, and better long-term appreciation potential.

You should also verify whether the lease agreement allows for ownership transfer without landowner approval.Owning the trailer means assuming responsibility for lot rent, potential removal costs, and liability risks.