Personally, I would start simple with a single family. 

You could also sell the lead to another company/person.

They mentioned that the family member began debt consolidation 20 months ago, the way debt consolidation works the company lets it go into collections I am concerned that if the person files for bankruptcy.Even just one of 3 family member file a bankruptcy 7, can they stay 3 to 5 months without paying rent?

We are bringing in brand new fully drywalled manufactured homes ranging from 3 bed/ 2 bath to 2 bed/ 1 bath.

Yes it was in that $300k+ range.

Remember there are income limits, contribution limits and other personal factors to consider.

My business partner owns a roofing company but has weak credit and more limited cash flow.An LLC is a common choice for partnerships since it protects personal assets and simplifies tax management.

Saw an ad on Craig's List, I negotiated the deal personally on the first meeting.

I almost exclusively sell bank foreclosures for a large asset management company, and I also do a lot of marketing for wholesale deals.

@Peter Dukaj personally think the government should make it more expensive to build than renovate.