They've also used no rev management whatsoever, just a fixed nightly rate.  

We do all of this with NO TAX RETURNS and no DTI calculations whatsoever.

When I started trading stocks in 1988 commissions were 4%.

From my perspective, when I started house hacking, I really enjoyed learning about all of the trades, but as you said-  it becomes harder to do all those things while building.  

Some may want to move and then you'll be left with an older, used mobile home which you may have to fix up or trade in for a newer, used mobile home depending on the condition. 

I'm seeing renovated inventory sit, then trade well below list in a large portion of the ATL metro. 

Yes, there are some trade offs, but also some great benefits.

This isn’t an SEC traded investment, no liens or 1st positions, no personal guarantees on behalf of the GP, If you go back thru and show us your deal analysis versus your checklist you will probably see an investment marketed at 14% return which should have been Risk adjusted down to 8%.  

I'm a specialty insurance underwriter by trade; therefore analyzing deals and numbers is my jam.  

Also, filing the BK eliminates any chance of you financing a loan to pay the 1st so, whoever gave you that advice, run from it.1079 making this "not a quick flip" is not relevant to anything whatsoever...so ignore that comment and anything else that person said in his post.There is not enough meat on the bone for a hard money lender in my opinion and if you are facing sale in two weeks, they are your only option if you don't have a 401K or IRA you can tap into or other access to funds.