I modified two of my new builds this year to accommodate this requirement.. the larger national and production builders simply wont do it.I had one tenant that was morbidly Obese and basically bed ridden.. but she lived for some years like that I think maybe 5 or so.. it was an old single wide with an addition so I let her do whatever she wanted as when she left it was just going to the dump anyway  

If they turn it down all that money is gone.So if after studying all of those requirements and adding up all of the costs, there is still a delta in pricing wide enough to give you a healthy profit margin (risk-adjusted, of course, because there is a lot of risk here) then you have a winner.Now the elephant in the room...your example was an A property in a C- area. 

I doubt that they limit your LLC to Notes, but rather expect they permit a wide variety of RE investing and may call out notes as an example, but not limited to...

Still, it doesn't hurt to get the message out to aspiring investors (whether it comes from a millionaire mind or not) that real estate has risks, gurus aren't all altruistic, and I'm sure some folks come on to forums/podcasts/blog/etc. to "wide their circle".  

@Jason Pabon, do make sure you go into that buying out of state TK thing with your eyes wide open.

That all totally makes sense, like the funnel strategy, go as wide as you can, it always narrows down.  

A 3/2 manufactured doublewide came across my inbox earlier today. It's roughly 1200ft2 on 0.50 acre, built in 2000. The asking price is $105k with a $3k roofing allowance and it's rented through 2018 for $1,100/month....

Usually, contractors don't give out quote without looking at the site, but the job is already done. what I got from Google is a very wide range and not very helpful.

The model that you choose depends on how big or wide you want to make your real estate career.

Wide open space and room for toys (ATV, horses, motor bikes).