If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

One advantage you'll have over people doing a regular FHA purchase loan (non 203k FHA rehab loan) is that when you go towards purchasing a 3-4 unit property and have to deal with " FHA Self Sufficiency," Rule you'll be able to use future market rents that are appraised on with after repair rents (way higher than your acquisition rents probably).This makes it easier to make your FHA loan qualify especially if you buy a good deal that has big rental income upside (your proforma future rents are way higher than your acquisition entry rents).FHA SS rule is required to qualify a FHA loan when its a 3-4 unit property, this doesnt apply to 1-2 unit FHA loans.Even on 203k FHA loans you'll need to meet FHA SS rules (3-4 unit applies to).

Until I can get going on the MHP Bootcamp, can anyone recommend a good book that would get me started thinking in the right direction with MHP investing or perhaps even MH investing (flips, buy and hold within existing parks, etc...). 

So reaching out directly to hospitals may or may not be a useful strategy.

Based on your scenario I dont see why you would not qualify to use FHA since it doesn't appear you already have an FHA loan so the self sufficiency doesn't apply amongst others.

This is my first time purchasing a foreclosure directly from a bank.

After they apply I will communicate with them more as needed but that is a MUCH MUCH MUCH smaller number of people at that point.

Applying for EIN now!

If you paid him directly then they will have a case but if you made them to the company then they would appear to have liability

The growth of STRs as an asset class is directly correlated with the amount of people that own and operate STRs.