They will usually count the income from the other three units  towards your personal income which leads to qualify .

I’m not counting on the cash flow for any of my bills, I just want to keep investing.

I'm also confused on the "brick foundation" concept as mobile homes (even those surrendered as real property) are still installed like mobile homes on concrete blocks and not stacks of bricks.To make this deal work you need to look at the total real property income (in this case the four homes as rentals) and not put any additional value in the potential of the four additional homes as I'm sure the city will probably not let you add them unless they are in the original lot count for the park (as evidenced by the Certificate of Zoning).

Intent counts for a lot here, seems to me the first purchase is fine given your circumstances changes unexpectedly.

I personally have not seen rates higher than about 14% (not counting servicing fees).

Are there any duplexes, triplexes or quads in the area that you can afford once you count the rental income?

The duplex I just acquired generates over $600 cash flow to start not counting the HELOC.

@Kevin G.It’s normal… It’s a simple condition… The underwriter wants to know that you don’t have a private loan out there for these properties because if you did then she will ask to count the payment in your debt to income ratio.

I think the key here is really developing those relationships with people who you can count on to take care of your best interest.

Does the bank count the rental income along with property value when looking at a refinance?