Are you strictly looking at a nonowner occupant investment?

I’m sure people do rent out both, but the actual city ordinances, if the city decides to enforce them, seem pretty strict.

Both deals make sense, no renovation needed, strictly taking over mortgages and renting out because cash flow make sense.   

If the lease satisfies the criteria, they routinely push these through. https://multifamily.fanniemae....

I am strictly looking for seller financed deals, and arguably I am following the general steps suggested in the BP books.

Appraisals themselves are much more strict than they were during the bubble.

Some lenders have strict requirements that apply to financing mobile homes that don't apply to stick built homes, for example limitations around how old the mobile can be to qualify for financing.

Ofocurse FHA has strict conditions for the property you looking at.

Expenses are taxes, ins, utilities, and HOA fees.My question is should we rent full time and profit $7200 - $8,000 annually or sell (125k) and utilize 1031 exchange to upgrade to a larger vacation home in same area where rental restrictions aren’t as strict as Condo w HOA and rent multiple times a year without multiple HOA deposits and parking, etc.Price for upgrade home would be around $400k.

Set up a weekly routine for reviewing the property.