One person I know was a podcast guest on the subject of an "impossible to cashflow" local market, after he tried the low appreciation market and it didn't work out well for him. 

Can someone please explain how subject to works when someone still owes most of their mortgage? 

@Matt Smith Great subject.

If, pursuant to this section, a tenant terminates the rental agreement 14 days or more before occupancy, the tenant is not subject to any damages or penalties.

@Timothy Lewis @James Wise @Don Konipol new subject on my end so interesting to hear feedback for OP.

Put the closing date out 75 days and subject to the tenant being out.

As an alternative to taking a distribution from your 401k, consider the following:If you are self-employed (i.e. active self-employment earned income separate from your w-2 income) with no full-time w-2 employees, you can set up a Solo 401k and then rollover your 401k funds once you leave your current job.

(ofcourse I'm just guessing and don't have any official knowledge in the subject)

I followed several properties and made an offer on the subject property about $30K under list when it was 40 DOM.

I am NOT a professional in this space yet, and I don't play on on TV, but I have listened to about 50 podcasts on this subject and I hear that a well-run MHP with all lot rentals on public utilities should run in the 30 - 40% expense range.