Is there a standard process for something like this?

(Land value vs trailer values, standard rental set-ups for trailer tenants, etc.)

(I don't deduct for vacancy as I have an emergency account that I use for rental issues).Question is this property worth it.

Even the standard definition of usury excludes hard money lending...

Good luck and your seller kinda sounds desperate.Not as desperate as a gas station owner who has to get new service pumps to meet epa standards by a certain time but desperate enough to want to get out for...some reason!

Most standard co-op subleases contain provisions for following the co-ops rules, alterations to the apartment, etc.

(not completely the same but you get my thoughts)You may want to find a PM company and hold them to a higher standard so that you can do whatever you want to do...

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I have not had the best of luck with this arrangement in the past and wonder if it would be advisable/legal to have a different income standard when qualifying unrelated prospects vs a married couple.

We would use a pass through structure, however, would we still be able to deduct interest and depreciation as the property is not owned by the LLC?