Very likely your scenario will be better, But just like the lottery the only chance at winning happens if you play.Here we go:Elderly lady has a 10 unit apt building listed in Central Florida for 350k in 04.  

This is where we get these wild west guys who passed a 20 some hour course on originations of GSE loans thinking they know how to apply those rules to some financed lease-option or hybird loan arrangement, they don't have a clue and the sponsors will not go there to allow such "underwriting" it's also an insurance matter, lender liability and E&O, those insurance carriers specify the types of loans, the type of business to be conducted and covered. 

I don't know what type of research you did, but I do know the two sites you listed tend to have wild inaccuracies (Zillow more so than rentometer) and that they were not designed for MH applications so numbers could be skewed.When looking at comps (both rent and sale) are you absolutely sure the numbers are based off of comparable MHs?

Hold on for a second, you have some wildly different angles on this, and its not fair (to YOU) to lump them all together.You ABSOLUTELY need her name on the lease, and not her husband.

After talking to several people there, one lady says just keep the balance no higher than $250 and the water won't get shut off.

Great for free and general tracking but depending on your credit file can be wildly different.

The lady had lived in it 70 years, since the day it was built I guess.  

Shes an older lady and is struggling to deal with the properties paying the taxes or even keep them in good shape or rented.

Shes an older lady and is struggling to deal with the properties paying the taxes or even keep them in good shape or rented.

Welcome Christopher, and may your time on BP prove fruitful, both to you and to those who learn from your experiences.As one who is just starting the journey into the wild world of 'investment-dom' ....