In general, many residents are OK with lot rent being raised as long as the costs are justified and they can physically see where the money is going with the types of upgrades and improvements made to the park.

Great mass mailer product!

Lesson learned here is start working on your investor documents immediately after you've completed the bulk of the due diligence activities including financial reviews and physical inspections.

The rule is that you must have acquired (constructed) unit B with the intent of holding for productive use. 

Fannie Mae generally requires lenders to obtain a two-year history of the borrower’s prior earnings as a means of demonstrating the likelihood that the income will continue to be received.However, a person who has a shorter history of self-employment — 12 to 24 months — may be considered, as long as the borrower’s most recent signed federal income tax returns reflect the receipt of such income as the same (or greater) level in a field that provides the same products or services as the current business or in an occupation in which he or she had similar responsibilities to those undertaken in connection with the current business.

The FNMA product used to be a no-brainer because of the rates, but now you can get a 30-yr fixed rate, 30-yr amortization in an LLC.

@Alejandro Moreno  I don't physically live in Chattanooga myself so I'm missing out on the opportunity to meet with you but it sounds like you're looking for some help and I'm always willing to chat and share what I know. 

This is a separate loan product from conventional (Fannie Mae and Freddie Mac loans). 

A liquid additive like the following might be just the ticket:https://www.homedepot.com/p/Custom-Building-Products-StainBlocker-32-oz-Stain-Resisting-Admixture-Additive-for-Grout-SBG32/202525433 If you're looking for an off-white grout, I would feel confident recommending either Antique White or Bone with the above liquid additive.

The 'new' debt service coverage ratio (DSCR) driven products are more attractive, though, IMHO. 30-yr fixed rate, 30-yr term, rates in the 4s (right there / better than banks) and no debt to income ratio BS.