It took me one year to make it ready, get approval from township, and finally now it's generating good amount of ROI.

Originally posted by @Mark Brogan:@Jay Hinrichs, funny that you mention cities don’t like parks because of the ghettos and trash with the way people live, every city I hv ever visited people live like pigs not to mention living in tents on the streets, maybe they should consider embracing mobile home parks instead of hating on them, they are the last affordable housing in this country ON the west coast this is starting to happen i bought a park in Eugene Oregon and that is exactly what the planner told me.. they would not approve new ones but they considered existing affordable housing but they WANTED THEM CLEANED UP..  

I also ensure the get pre-approved with a lender before proceeding too.

The county I live in has a link from the property appraiser to see all permits approved and there it provides name/contact info for the contactor that completed the work.

If you use a conventional 3% first time buyers loan for this will you run in to any issues with loan approval or even appraisal?

Unless it was designed/approved by your accountant, and he/she is knowledgeable in real estate taxation.My reaction is similar to your reaction as a Realtor when a FSBO seller says "the way I do it is

No tha servicer will approve feeding into a llc.

I am currently approved for a hard money loan which provides 85% LTV and 100% REHAB.

Faster approval process-Traditional financing can take 30-45 days, hard money lenders can fund as quickly as a week.2.

I absolutely love being able to say “let me submit all your documents to the landlord for approval” then assigning blame to the evil land lord when it comes back as denied.