They can ask all they want but as a borrower you also have the right to say NO,NO,NO.Negotiate for no pre-pay penalty, a burn off on the personal guarantee once you hit a certain LTV on the property, a 7 or 10 year fixed term with a 25 year amort, no cross collateralizing etc.You tell them what you want and call around until you find close to your terms.

If tomorrow the neighbor next door to your rental burns their house down, a tree falls on it, there's a major flood like @Brandon Turner experienced that only happens once in 100 years you would be better off having spent this $800 to cover 5 months of rent which is equivalent to $6400.

It is a mobile home.

i agree with what the locals has said (can't @ them on my mobile)I was talking to a few investors, Pittsburgh is now on the map. everyone is coming in. deals are becoming very hard to find. they exist but harder to find.when I first moved here ppl were apprehensive about Lawrenceville. and now its way over hipped and priced. everyone is looking for the new Lawrenceville bc they start to believe that Pittsburgh market is getting hot ;)

While technically the owner of the property if to maintain the deposit(in most states), many Property Managers have been burned by lawsuits when the owner fails to account for the deposit upon move out or more often foreclosures. 

Limited PM, limited tenants, limited everything... which is why a lot of local people rent one or a few mobile homes (low entry $, lower margin) and manage them w/o a PM.

What do you know about Mobile park financing?

I know several investors that own thousands of mobile home lots, hundreds of houses, and commercial real estate and carry every thing in their own name.

I'm renovating my first mobile home.

Did you have a place burn or something?