If the sponsor has some challenges with credit then lenders who fund them will charge higher interest rates and fees.So in short all of those parameters that you asked about are "typical" but just know that the rate and terms of any multi family loan are dependant on the state of the property and the financial strength and creditworthiness of the sponsor. 

Seems like one of the challenges for mobile home parks is commercial financing.

Seems like one of the challenges for mobile home parks is commercial financing.

What challenges are you experiencing?

Property Managers: 1) What are the biggest challenges for you in your business?

It is more challenging, takes more diligence, and a committed action plan as well as a partnership with a brokerage that has a track record of working with agents looking to go from dual career to full time.

The challenge with that is how do you know what a good partner looks like.

You can get decent density while avoiding the structural/fire/MEP challenges of 3+ story structures.

I own a contracting business here in Illinois and I know from experience that finding good contractors/subcontractors and keeping good labor crews is a challenge.  

This makes it very difficult to qualify for an exception as it would be challenging/impossible to rent out as a "long term rental" - which I can't quite tell what is defined as.Any thoughts on strategies or ideas on how to deal with this, aside from simply selling and getting out?