Just buying a distressed home, renovating and refinancing it to recoup costs that can be used for future investments, then living in it permanently?  

Elimination of title means that the owner has made the mobile "permanent" by removing the wheels, placing the mobile on a foundation, putting skirting around the mobile and filed the correct paperwork.

The definition of “livable” or “finished” space can be surprisingly specific.In many markets, including here in Arizona, appraisers and agents generally want the space to be finished in a manner consistant with the rest of the home and serviced by a more permanent heating and cooling source.

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

If it wasnt for the ability to fully attach those loans to a person permanently, they would be incredibly more higher.Default rates and loss severity are not the only thing that go into risk premium analysis in interest rate setting, but they are probably the 2 biggest factors.

My situation is, I do not have my own permanent residence, as my work pays for my family to stay in an apartment.

But, the entire premise here is that you will be able to refi as planned and scheduled, which means that the permanent financing player is fully involved from the get-go...And it doesn't stop there, because some times banks change their mind last minute - ask me how I know this :)Not to mention that your costs with HML will be very high, and terms will be quite rigid.

I never had the pleasure of being permanently stationed in Hawaii.

If the seller dies before closing, the contract is null and void - but other than that rather extreme and permanent condition, the seller would not be able to just cancel an executed contract.

Were you and your husband able to refi into a permanent loan afterward?