I have 32 Ac (all dry and usable) and looking to check if mobile home park is feasible and then develop it.

Want to buy and hold and fix up. Lender gave me these terms. Should I try to get them to extend term to 24 months and drop the origination fee to 1%? I have no experience in commercial loans. Thanks in advance!

The LLC should help you lower transaction costs since you as the LLC Manager can buy/sell property, taxes, etc by writing checks from the LLC's business account.I rolled my SDIRA from Equity Trust, no LLC (poor service, high fees) to Madison Trust w/LLC about 6 years ago.

I would check the association website. 

Also, from any lenders out there...are the same number of points available for purchase as with a standard residential mortgage?

There are many contractors that as you mentioned just like the one checking on permits can do this and then never finish the property.

Now that the 5% down conventional loan program is widely available (since November last year) I generally recommend using that as opposed to FHA because FHA comes with minimum property condition standards, the self-sufficiency test, and it's less attractive to sellers.

For the arbitrage part, I would check with the owner of the unit, and see if they will allow you to arbitrage the unit instead of LTR occupying it.

After a few months of checking in with both my loan processor & loan advisor, we finally got the clear to close.

I had a previous post where I was looking for a 3BR place <$300K near the theme parks in Orlando. I'll be honest, my searches have been a little disappointing to find anything that will break even in terms of cash ...