Refinancing a loan in an LLC will be a pain.

Servicing the loan.Servicing a loan is the administration for payments, taxes, insurance and the security agreement.

The two main ones are a lender administration fee ($2500) and a VA funding fee(2.5% of the loan).

So controlling the tenant can be a real pain.

It sounds like their a pain to deal with on short sales and reo's, but as far as banking is concerned, I've been with them for over 10 years and have been very happy.

In Georgia, it's a multi-step process that, while not hard, is a giant pain in the butt and requires no small amount of time and money to get through.

Unfortunately this deal is fully subscribed, I guess I could ask the other investors if they would like to take a smaller position... or I could lower my own equity position but that means I would have very little skin in the game(I made it seem like a real pain in the butt).

I feel your pain.

I personally either use cash or owner financing, banks are just too much of a pain in the butt!

With that said, mobile homes are a pain. you have fees from the parks, banks will not lend to anyone on them, and your tenants/buyers are usually a lot of work to deal with.What is your motivation to work with mobile homes instead of a traditional home?