Mobiles lose value over time vs house .I am sure you could cut your teeth on a mobile home as a rental but  will not go up value.Study up on the topic see what the numbers are there are many ways to make money ,then stash the cash move up to a house !

But that would require you to, you know, lose money somehow.These lines are gray.

Hey, those dudes are going to lose their shirts but I doubt it would be a blip on the radar.

My advice, even though you didn't ask for it (since you are on a Real Estate investing forum) is to sell the car and hope you don't lose money but even if you lose a little still sell it.

If something goes sideways, as it always does, you are then losing money. 

You would be absolutely crazy to sign any kind of note with this guy, for a property you're going to lose, and he could get a judgment for the balance.  

I believe they give 120 days (4months) for the tenant to move out and find a different place, at the end of which either the tenant moves or loses their section 8 voucher.

Sean,Not that I have actually quit Investor Carrot, but if you stop paying they will take your site and leads will be permanently be deleted.https://help.oncarrot.com/tutorial/how-to-cancel/So if you have written any content for the site yourself, make sure you have backups so you don't lose that stuff.  

@Jeremy Tillotson  anyone in the business long enough will run into one of these.what I get a kick out of is buyers of new homes or turn key homes have an inspection and the inspector finds a little bit of MOld and all hell breaks lose.. and then you have these folks who have lived successfully in a petrie dish for decades LOL..

Filling a vacancy is less costly than prolonged damage and losing $200 every month.