Hello,I am relatively new to real estate investing as I purchased my multi-family building in Chicago back in 2021 putting in twenty percent down of the purchase price.

Plus some of these are on ground leases, which can create financing issues down the line.I have nothing against manufactured homes, but I think it would be beneficial if there was a comparison for short term and long term historical performance on both rents and value.

@Joseph SheahanI can speak to the refinance portion: As long as a guarantor with good credit has at least 25% ownership refinancing should be an issue.

A single maintenance issue could easily turn a positive cash flow into a negative one.

The issue with our loan would be that there is no collateral since our loan amount would be more than the land value itself if anything were to happen.

Insurance has been a big issue in our market this year as companies have jacked rates out of control. 

FYI we've changed our approach entirely and have lower fee initial entry points to avoid the challenges of long term project based arrangements so we can catch issues much sooner.

Formal agreement may make the most sense, she is willing to help us out and if she has to be on the mortgage afterwards that shouldn't be an issue.

Most multi-families are a few duplexes or a quadplex on a lot, but we do have an 18+ unit quadplex property.

Sometimes new installs have problems cooling the house correctly or just other problems- so doing it without tenants gives you some time to address any of these issues.