When I did mine I got the closing costs waived by taking a 25k draw at settlement (I paid it back 1 month later).

I might of got a little confused now that I read @Nicholas Horsburgh his reply he did not say PPM he said offering memorandum .. many would take that as a PPM  ( private placement memorandum) but maybe he meant like a detailed description in writing of what your trying to accomplish.Generally there are no real contracts for loans there are loan documents though Note  mortgage settlement statement and depending on the lender a whole host of other various and sundry documents usually disclosures so you can't sue the lender. :)

When the actives are done, wake-up the old defaulted ones and make them a settlement offer of 25% or so, unless it re-starts the 7 year clock on your credit. 

As this is my first manufactured purchase, I'm curious whether purchasing manufactured home requires HUD settlement for closing? 

Some sellers frown against giving up the deed until paid in full but you could set it up as a delayed settlement (You get deed when you pay off loan balance).

Settlement is 4/26.

House Zoned PUDCash offer pending talking to the bank about a payoff settlement.

House Zoned PUDCash offer pending talking to the bank about a payoff settlement.

Sketching the math for ten years- I got 100K CG rolled in, 70K future depreciation (which I have no use of due to low rent income, but will be forced to claim on a future sale), 20K closing/settlement etc.

Seriously this time, you could either put it under contract for yourself and assign the contract or pass them off to an agent you trust and you could co/list it when you become licensed considering the settlement likely won't take place until then.