But for you I would definitely leverage the banks money as much as you can and just keep money on the side for reserves.

Blaxktip is in serious trouble with a warrant just about to be issued for contempt of court.A garnishment of his bank account happened the other day wiping out his Chase bank account balance.  

@Tar-U-Way BrightYou can use the LLC to set up business bank accounts and business credit cards.

As bank’s risk tolerance shifts to being more cautious, less non-recourse loans are available.

If you do not have those it will extremely hard to ever sell it to someone who will require bank/lender financing or refinance it down the road if you want to pull out cash on the ARV or future equity.The other rule of thumb is that you buy it New and that it was never on another property or location, simple built onsite or trailered in from warehouse. 

I'm also working on upgrades for THE MTR Connect - better scheduling, automations, guest speakers, social media - all to help promote the collaborative and supportive space my colleague @Jamie Banks and I have created.

An "investment advisor" from a Bank of America branch strongly advised against it with a passion, which successfully deterred me at the last moment.

My below recommendation is something I'd do only if I had these things in order...But what I would do is put that money into lead generation dollars through Google PPC to generate new seller leads.I'd then close these deals and either assign the contract to a cash buyer OR novate the property on the MLS with the help of a local agent.After that when you have some good coin in the bank you can explore more investment options at your disposal.And just so you know -- I consider myself someone very low on the industry totem pole due to my small amount of experience. 

It is far more difficult to secure bank financing for modular housing than stick built.

Then a bank will lend on the two as if they were one and that will result in a higher lending amount.