@Joey Bricio you should treat a foreclosure like an eviction.

The biggest difference would be in how to treat the MH income streams, as appraisers and banks don't give them the same value as they do for the income generated through lot rents (and neither would sellers).I also have a YouTube Channel where I post about the industry.

Yes, I know corp. taxes are treated more favorably and all that jazz, but interest rates on commercial loans are much, much higher these days. 

I think that we are moving Intoa time where LLs need to treat tenants as the customers they are. 

I thought of establishing a LLC and treat the income as ECI but there are complex tax implications in the country I am moving to if I own a foreign business entity.

It's important that he treat the property like an investment - have a lease with you, collect the rent, declare the income, etc. 

Unless there's a reliable way to force appreciation, I'd stay away from this type of deal.Consider how that market is treating landlords with evictions and collections right now.

@Michael Walker, if the wood is pressure treated the construction is solid without rot or corrosion, then have a coat of oil based stain applied to all of the wood.

I want to make the terms of it similar to a hard money lender so they are getting treated the same as a lender I would borrow from.

It helps you (or at least, me) to treat it more seriously.There are also asset protection and tax benefits.