You have a somewhat captive tenant pool, and the 'rents usually have to co-sign.

I get the point of if you can invest your cash for a greater return then its cheaper to use OPM to rehab houses and obviously if you rehab more than you have cash to support OPM is the only way to go.In my area using OPM usually ends up costing about 20% after figuring in the points, fees and interest which is pretty normal from what I can see, at least for those that dont have a good long term relationship with a lender that gives them better rates.

Check and proactively replace all of the toilet flappers and check flushing mechanism to make sure its flushing efficiently. the flapper(s) could have likely degraded and the bad seal might slowly leak into the bowl and cause a frequent refill of the tank. flappers usually need to be replaced every 5 years anyway since they degrade. toilets have always been a cause for high water usage in one of my condo buildings.

Conditon of apartment is at time you take possession, so do a walkthru on that apartment within the first week or so of ownership.Ask owner to send or drop off to tenant letter of change of ownership this is usually done day of closing, and you also send or drop off letter of introduction including where and how to pay rent, and emergency service contact info. 

I co-run the Princeton subgroup and usually attend the main meeting at Cherry Hill the same week.

I'd call the bank before I walked in, but you can usually get most of the basic information off the internet such interest rate, minimum amount, etc.

Being a novice at development of MHP's my assumption was ( as in most new developments ) is if the land cost is very inexpensive then it would usually work.  

Usually, the main condition is that you will live in the property within 60 days of purchase and will live in it as your primary residence for at least one year. 

She usually requires extensive research and analysis before making simple decisions because she doesn't want to be wrong. 

I keep an eTrade account open for situations like this and throw my money into an index fund (usually an S&P 500 index fund).