Dept of Veterans Affairs wants you in a turnkey home.You can get a somewhat fixer and take the risk of spending to fix a home before closing when technically you own it.

I too have a slight love affair with SFRs.  

I have cash on hand@100kGoal to cover expenses @ 6k/mo or 72k/yr--I just got all my finances in affairs and debt down to basically nothing.  

If the owners fail to maintain a formal legal separation between their business and their personal financial affairs, a court could find that the corporation or LLC is really just a sham (the owners' alter ego) and that the owners are personally operating the business as if the corporation or LLC didn't exist.

The situation will be a feature if he is a good tenant paying market rent.You might also want to ask for the establishment of an escrow account to pay the rent if the special situation involves a question of whether the tenant can handle his own affairs (or whomever is caring for him). 

Your Veteran should contact his Veteran's Affairs Home Loan Counselors or the VA Specialist at his bank for more details on his particular situation.

Check out the state website for the body overseeing mobile home titles - usually the DMV or Housing & Community Affairs depending on the state.The mobile home repair business is time intensive and generally adds ~ +/-15% to your expense ratio depending on the size of your Park and if you have a full time maintenance person, etc.  

You let someone else handle your affairs 

Just want to make sure I get my affairs in order, so I wanna run through what I am gonna be doing, and posing some questions.1st : File the LLC that will hold the properties (I am assuming LegalZoom would work for this?)

They should be able to provide her with general information but will not disclose loan specific information unless she can proof that she is authorized to handle the affairs of the estate.Feel free to PM me if you have any other questions.