So when you buy a property do you use a conventional loan or something else?

.- Try to find off market deals for way cheaper (e.g. using hard money, then refi into a rental loan)- Try to find properties where the owner will finance a big part of it and you get only a small loan with higher interest rates for the down payment.- Get a property subject to where you take over payments for a loan with lower interestfeel free to reach out and discuss some ideas

I finally figured out that she was leaving it open for a stray cat. 

The same loan brokers that do MH also do RV, as do the insurance companies.We own both, and the only benefit of an RV park is that -- if you find the right one -- you can ramp up revenue faster because it costs you nothing to fill a vacant lot.

BESIDES DESTROYING PEOPLES LIVES YOU ARE INGAGING IN CRIMINAL ACTIVITY .ALL THE HOUSES ARE PAID OFF IN FULL AT CLOSING.BANKS NEVER LOANED US ANY MONEY!

and 2) would I have to declare rental income if the agreement stated that he was paying the mortgage (instead of rent) until such time as he could get a loan to purchase it.Advice and comments welcome!  

Most Likely we would have to buy the property with a loan and get a construction loan for the upgrades to convert.

(rent payment at fair market value.)Loan Payments: Ensure the rental income paid by the LLC is used for mortgage payments, clearly documenting the transactions to avoid co-mingling of funds.Insurance:Landlord Insurance: Obtain a landlord insurance policy for the rental portion of the home through the LLC.Homeowner's Insurance: Maintain a separate homeowner's insurance policy for my personal residence.

@Kelvin BoydDeciding to buy a property or wait for loan rate shifts leans on many parts.

Go to a mortgage broker that will shop around for a loan for you.