If someone calls you have to watch how you structure the deal and what you say to the Seller.

Assuming you do not need to list this on the MLS is there a way I can structure the deal so the bank approves it and my agent gets paid?

@Eladio Perez, Since the seller owns it free and clear, your best bet is to ask for owner financing and you can try to structure the deal so that you wont have to make any payments to him until the repairs are completed within reasonable time of course.

If one is only operating/short term trading in RE like flipping or wholesaling, an LLC may not be the best entity structure at all.  

The thing is about these older manufactured homes is that the structure itself is not worth much, and it depreciates rapidly to be worth even less. 

This leaves out those brokers who  churn investors money to repurchase a note, it's the shell game.   

@Tim Wilkinson, I am mostly look on MLS for multi-families that are structurally sound, but need cosmetic updating, or the opportunity to add a bedroom.  

Any suggestions on how to best structure it?

I am no expert, but the one thing I have learned is to be careful with structural problems.  

Tenants are extremely hard on appliances, it is not uncommon.Landlord Responsibilities: Landlord will at all times during the tenancy keep the premises fit for human habitation, and shall in particular:a.Cultivate, care for and mow surrounding grass, lawn, flowers, and shrubberyb.Maintain the premises to substantially comply with any applicable code, statue, ordinance, or regulation governing the premisec.Maintain the roof, floors, walls, foundations, and all other structural components in reasonable good repair as to be usable and capable of resisting normal loadsd.Keep any shared or common areas reasonable clean, sanitary, and safe from defects increasing the hazards of fire or accidente.Provide a reasonable program for the control of infestation by insects, rodents, and other pests at move in f.Except where the condition is attributable to normal wear and tear, make repairs and arrangements necessary to put and keep the premises in as good condition as at move ing.Provide reasonably adequate locks and provide keys to the tenanth.Maintain all electrical, plumbing (main lines), heating, and other facilities and appliances supplied by Landlord in reasonably good working orderi.Maintain the unit in reasonably weather tight conditionj.Provide facilities adequate to supply heat and water and hot water as reasonably required by the tenant