Sure there is a very small chance that something will go wrong, but with the tightening rental laws spending a little on a proper lease is smart.

Make sure your LLC is set up properly, and consider hard money lenders for more flexible options.

As someone who lives in Dallas proper, and gets good natured annoyed when some one who lives in Plano says they live in "Dallas" they places you mentioned would make folks who live in Prosper blush (40 miles from Dallas) blush.

I would be interested though in hearing about your connection with manufactured homes. 

Quote from @John Herold: Hello all, what are some best practices for LVP floor installation for a manufactured home on a permanent foundation?

Have them on standby to step in and get the process going to rent it properly.

While all the posts have at lease some legitimate points, I personally believe camp 1 is missing the opportunities present to protect assets under US law mostly because they don’t either understand asset protection, or don’t want to bother with it, so rather than do a proper evaluation they dismiss it as something that won’t work to justify their unwillingness to entertain the idea.Camp 2 is deluding themselves - which delusion has been enhanced by charlatans writing books, giving seminars, and selling packaged plans all of which either attempt to hide your assets or hide the ownership of your assets.  

I recommend learning a bit on how to read the financials, but find yourself a great Accountant to help you analyze the financials and tax returns to make sure things make sense and are proper. 

Due to the lack of capacity by the building manufacturers and we couldn’t get the buildings in year one, we switched to a 70% occupancy by year 3.  

She didn’t know what caused the fall, but said it has caused memory problems.LawsuitsThe New Braunfels businesswoman has boasted that she earned more than $10 million buying manufactured homes on the cheap, fixing them up and flipping them.