I don't mind something that needs a little rehab just not a total gut job since I am not in the area. 

But, of course, with our mind set on building a rental portfolio, and the market we live in, it didn't make sense not to add an apartment over the garage to create cash flow for the mil to cover her expenses and travel as she's always wanted to.So, here we are, moving forward, plans in place, ADU permit acquired, ready to break ground and having trouble getting the Mil financed.First attempt was to get a Heloc loan, keeping it separate since she has a great rate on her first.

keep in mind fake lenders are the new Nigerian prince scam of real estatethere is no private money that is less than about 10% apr.. bottom line.

Just want to see your experienced minds thoughts on the scenario?

After that date, we'd deduct $100 from the OH&P line item for every day they weren't finished.But keep in mind no contractor would be willing to agree to this unless you were feeding them steady business and they'd worked with you in the past.

Do you mind share what kind of loan you go with for construction?

generally speaking parks with park owned homes do not sell for as much as parks that have no park owned homes.keep in mind maintenance on MH is a tad tougher as the parts are not off the shelf at home depot.. etc etc.And lenders will not give you credit for the park homes in the valuation of the park.what some do and what I have done with the parks we owned. is we sold the park own homes as soon as possible.. on long term contracts.. and raised the space rent.. that's were the value is.or in some instance we just gave the unit away for free and raised the space rent way up..

And, if you don't mind, please share what you find in case I (and maybe others like myself) can benefit from any clarifying info.

Keep in mind, it will take some time to build such relationships, so work on this prior to finding a deal to buy. 

(keep in mind the bad areas you might have problems with break-ins and squatters. )