The SAFE Act was later incorporated into the Dodd-Frank Act, so it's alive and well requiring compliance.The guy you need to speak to, IMO, about MH financing is @Ken Rishel who has a compliance operation specifically for MH dealers.

Dodd Frank applies here, even if you were exempt, the base line to view predatory issues will still be seen from compliance with the Act to some extent.

A few key points:1)The real estate loan has to be legal, in compliance with your state laws, and result in a sensible, valid note to a capable borrower.

Smaller community owners are not in a position to form a separate company and then license it and to become or hire an MLO, let alone meet all the compliance burdens for 3-10 deals a year.

Solomon,Sure they may have "Dated" issues re code compliance but if you know the costs to bring them up to standard and build the upgrades into your purchase price why not!

You can have the building inspector come out for potential enviromental non compliance and shut the AirBnB down. 

That's true in regard to initial fund setup, but understanding the rules and the compliance is a real effort. 

, are they in compliance?

This is partly due to FHA program compliance which requires a certain percentage of units to be owner occupied (last I checked it was 50%).

If we estimate low and they jump up, then it's a huge compliance issue.