Il is a mortgage state and fraction ownership of beneficial interest is allowed.

Our problem is the fact that NOPD is working with a fraction of the police force that is needed to keep any of our streets safe.

Basically a person has a 1st or 2nd that they need help with, whether it be performing or non-performing, and instead of foreclosing on the loan the original lender is willing to take a cash payment at a fraction of the original loan.

Compliance using your own money is usually pretty easy, it become more complicated when you use other peoples money or enter into mortgage brokerage activities to fund loans, that includes partnering, using fractional interests of notes among other capital contributors, or hypothication activities to raise capital. 

Based upon my limited experience with real estate  financing in other countries (4), this is an anomoly and it is more common to find mortgage terms that are a fraction of the amortization - requiring that the mortgage be renewed/refinanced at least once.Even if you were to lock-in a residential mortgage at these low rates, you should count on your future opportunity cost of capital (i.e. major CAPEx expenditures) to increase and build your financing and operation model accordingly.

I once heard an analogy of thinking of our goals and achievements as a fraction with the achievements on top (numerator) and goals on the bottom (denominator).  

If they end fractional reserve banking and standardize lending, we would see much more stability in prices.

He has other clients that own MHP's and he can help you out for a fraction of the price.http://www.blankenbecleradvisors.com/

NW Indiana has seen the same appreciation with a fraction of the taxes.  

It will appreciate in value (as will the rents) and the amount of time you have to devote to managing it should be a fraction of what you'd need for other parts of town where the returns look better on paper.I'd say you started off on a good path.