You get many of the same benefits that @Karen Margrave outlined without the price tag of California

Really do-up the door/entrance, with some outlining of complementary colours on frames.

Since the seller will hold the mortgage note are there specific sale agreement docs that would outline this arrangement?

If done right, the investors are already aware that this type of LOC is in place (it’s usually covered in the fund’s governing docs), and know they will need to fund to the lender or risk whatever repercussions are outlined in the fund docs.Now, the reason I said I’ve only seen this with large funds with institutional investors, is because the bank is only repaid in an event of default if the investors pay up.

Save us from needing to outline every dumb scenario as we guess which one it is. 

Both funds have the ability to purchase a variety of residential and commercial assets (which is outlined in the PPM) and what they invest in can change over time but currently the Liquidity fund is predominantly 2nd mortgages and the majority of the capital in the Income Fund is predominantly invested in 1st mortgages.Feel free to private message me direct any time if you have any other questions.

They also do a good job of outlining the net absorption rates.

At this point I showed her the sworn statements, then I showed her the cash flow analysis.( I may post this cash flow analysis ) This gave us an detailed outline for the next 18 months on company and personal cash flow based on worst case scenario sales. 

I understand that you can't operate a buy here pay here mobile home operation without a getting the proper licenses but, I don't think the practice outlined above qualifies as a reason to enact laws that require such. 

My apologies guy if you feel like I'm not listening to you, that's not the issue. so let me rephrase the statement. a lawyer has to fellow the outline of the contract and its stipulations. if the purchase is contingent upon financing then that should mean just that. right.