I found out that  one of our duties as property owners is to "educate" our tenants about the importance of rent first above all other financial concerns.

Concerning the PMI, we could also go conventionnal and still put 3.5 down and get the PMI waived whenever we reach 20% equity (which would still take a while).Lots of people at work live in the burbs but they all have kids.

RCG is concerned that individual states may mistakenly apply the same proposed standards to non-depository lenders who originate and service manufactured home loans made as non-real estate, or chattel loans. 

If you are concerned with all the tenants leaving, choose to raise one per month.  

My fiance's mother lives up there and last we spoke she was concerned about her home losing value.

I think it looks cool, my only concern would be what @Chris Jenkins alluded too.

We have some concerns with considering expenses in our model, specifically with replacement reserves in comparison to general maintenance, how much to set aside for reserves, etc.Thank you!

@George Allen: I inquired about the the length of the loan process and the concern that "it may take forever."

I have gotten as far as figuring out the 25% standard withholding tax, and filing the section 216 to have that withholding done on net income rather than gross, just wondering if anyone can add some insight to the process or point to some good resources and or professionals that might help give me some insight and confidence, or point me to best practices where this is concerned.

My concern is the the "due on sale" clause being executed by lending institutions when using these methods.