If I understand what you're saying correctly, no, it doesn't have any balloon payments.

When you go to sell the property, if you produce a certificate of inspection for the wrong number of units, buyer unless you are giving them a great deal and they will throw caution into the wind, would insist on the correct designations.

@Steve Powers is correct that these were mostly originated as owner occupied loans.

@Erik Estrada is absolutely correct that working with a broker usually leads to a better rates and fees.

Expenses at the property were were getting out of hand, and needed to be corrected.

Use surveys to gather feedback on their experience.When tenants feel valued and respected, they’re more likely to take care of the property and renew their leases, saving owners time and money.Fairness with VendorsVendors play a crucial role in maintaining properties, and treating them fairly ensures they remain reliable partners.

When used correctly a HELOC allows you to do multiple deals over and over again.

I don't think the police officer was correct. 

You are absolutely correct that expense ratios can vary significantly, particularly for smaller MHP assets.

But from your post it seems all that may not be correct.