But an extension of credit no matter how you couch it could be construed as a loan..the reality is from my perspective and I have owned multiple HM parks.. the risk is not very great but you may not be 100% compliant either with your process if taken to the mat 

;)Thanks again to all for your responses, perspective, and advice.

There seems to be a lot to learn from a legal perspective.

Your perspective is well taken!

There is also the process of gentrification to consider, from a moral perspective, but I guess flipping it incurs the same questions...

@Ali Boone and @Chris Clothier  Thanks so much for your perspective on running turnkey businesses.  

@Francisco Ycaza I look at every owner finance offer with this perspective:1) What loan terms can the property easily support.  

From an underwriting perspective, you can really only give someone the income that they've reported on their taxes. 

The property is returned in a clean, neat, and orderly condition, that there is nodamage, no missing items, all appliances are in working condition, and theproperty is “rent-ready”, including fresh paint, clean carpets, etc.e.

Answering from the perspective of a Private Placement - you will send your potential investors a subscription agreement, private placement memorandum and other investment docs prepared by your attorney.