Do most institutional commercial lenders do MH park loans under the same general guidelines?

64k for 1200+ month rent sounds good to me and almost fits the 2% guideline perfect.

Price may not exceed FHA's "Jumbo Castle Loan Guidelines"

Following the EPA guidelines are the best approach in most areas.

This will give you an 8% net yield based on the 50% expense guideline, and if you use financing then the return will be magnified as long as your borrowing cost is below 8%.

County inspectors have guidelines for minimum code compliance and can tell you what they need to permit the addition after the fact.

If the home meets the right guidelines for a permanent foundation and the loan was set up as a real estate loan, there is a strong possibility of getting the loan done.As a lender, if Texas was in our service area for our outside lending, I might consider lending 80% of appraised value but I would be particular about who did the appraisal, if the insight is of any help.

You have a very good reason to move out, your family unit has changed, under HUD guidelines you should be in a larger unit!

If I compare it to Australia, where I get app. 4-5% rental return and hope to get 10% cap gain (maybe, if things go downhill and I'm very, very lucky)- ill take the 15% in the bank any day - not relying on capital gain means, for me, freedom from a lot of the economic speculating (gambling) and uncertainty.

The bigger concern is with whether or not the property meets FHA's guidelines for safety and livability.When flipping a property to an FHA buyer, you'll need to budget to have a second appraisal.