If you owe the bank 1M, you have a problem, if you owe the bank 50M, the bank has a problem.If your child dies or has a divorce does his spouse become part owner of the properties?  

It is far more difficult to secure bank financing for modular housing than stick built.

And then I would use trust deed and promissory note to get a loan with lower interest rate this is how all lenders work banks HML private money lenders if they are scaling.. 

I would like to put my money to work instead of shoveling my money into the bank (mortgage) or to a landlord (renting).

I think it should appraise for at least 600k and think 650k is reasonable.It’s fully renovated and fully leased for $5,200/month.I’ve reached out to banks to see if I could use cross collateral to be my equity contribution but at least so far they’ve also wanted 10% cash.I’d like to avoid coming out of pocket with cash.I was wondering if you had creative ideas on how I might be able to get this financed 💗

Then a bank will lend on the two as if they were one and that will result in a higher lending amount.

That's tough to do, even in California.Even if you borrow the equity from your current property, the bank doesn't give you that money for free.

I do have reserves to cover contingencies.Let's just say, I'm satisfied with those numbers.Had I had to use a bank, I would have had to put down 20% for $33,000, plus closing and my payment on the remaining would be $1400 PITI including HOA. 

Credit Union, Brokers, Banks (all have different advantage & disadvantages). 

I just had a bank tell me they would take a 40%+ discount on a $400k asset which six months ago they would have wanted a 10-15% discount.