What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

With a low 4.75% rate but minimal cash flow ($50–$125/month), your equity could likely work harder elsewhere.

However, appreciation is very low in cheap areas.

Another work around that isn’t discussed much is working on a strategy with your insurance company to protect your other assets in the event of a claim.But also, it wouldn’t be a bad idea to consider getting the financing into your LLc name with a community bank and pulling cash out if you have substantial equity.Right now, since the loan is in your name, it shows up on your personal credit report.  

Where do you think a rehab is more likely to net the better sweat appreciation the high property value market or the low property value market?  

While I know Brandon and his team has experience, the going in cap rate is very low for MHP (I was told mid single digit).

if they are a great PM 20% is totally fair. not too high and not too low

However, the rental value this area is very low compared to the Home values and mortgage rate.

Flip side, for a third of that you are trained to find properties using creative finance taking over existing low interest loans that cash flow and you are buying in decent neighborhoods with every day lunch box Joes that have kids and go to work and pay rent on time. 

You definitely want to use a thorough screening method like rentprep.com that gets their income, credit, background check, and call at least 3 references (make sure to verify them by address/job and then their name).