If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

My initial question is… Is it good or bad to have individual septic for each mobile vs one big central unit??

On the lending side, we see a lot of private individuals that try to lend out of their IRA just because the borrower is a "good guy".

The real loser in the deal was the individual who gave his home way.

It is NOT a 'pay your money, here's your course and see you later' situation.This is a group of likeminded individuals that are all working towards the same goal and are happy to help each other grow and make it too.

We love real estate and love to connect with other like-minded individuals! 

I recommend AirDNA subscription for picking and evaluating both markets and individual properties, a little pricy, but if you are taking the investing seriously and with a long-time horizon, definitely worth it in my opinion

I have a few friends in the area that have moved houses and none of them would recommend the individual or company hired.  

In other words, if one property requires a major repair, reserves from other properties can help cover the expense, reducing the need for each individual property to have a fully stocked reserve at all times.

In those cases, if the HOA assessment is a direct result of the insured loss, it can kick in a specified amount towards the individual HOA members portion of the assessment.