@William Coet, there is a lot going on with this potential scenario and I want to second the other advice being given here -- tread very lightly with specific tax advice for specific transactions, especially with seller financing. 

Specifically wondering if they award the FMR listed on the HUD site, if there is an abundant applicant pool, and if the housing authority is responsive. 

I just retired from the military, and REI (specifically MHP's) is now one of the main things I am focused on as I move forward in my life.

I am a lender that works with a lot of Canadian clients investing in the U.S. specifically Florida who are often comparing their Canadian bank with lending options based in the U.S.

I believe that this is specific to California.  

@Cory Bagby welcome to BP and more specifically the Milwaukee market.  

At this moment, I'm specifically interested in how to own a small rental property with zero or little funds and start building passive income.Thank youLing

@Braeden CobbEven small value-add projects done in real estate specifically referring to multi-family properties can help out significantly in investment returns by boosting them.

I am not sure there is a specific term for this type of community, rather they market is as STR friendly, etc.Best of luck!

If you have specific questions about property management, I'll be happy to help!