Thanks for the explanation, that jogs my memory, and I agree with you that was the reason.Also, when I then took the tenant back to court for non payment, the courts did order them to pay on a payment plan. 

How have these smaller buildings performed during earthquakes in recent memory? 

@Joshua Schneiderman, @Jerry Stanford and  @Mindy Jensen We have decided to use an attorney to assist with crafting a solid Operating Agreement.

Talk to a real estate attorney, and they can help you craft the best plan to protect your assets.

If memory serves me, VSECU will do FHA loans.

I'm not sure if it's an angle to justify his fee, but he seems like he respects his craft.

Practice your craft... practice writing a lot of offers, counteroffers, listing agreements, etc. so that when it is time to write a real deal, you will be comfortable. 

It also supports my claim that the "Rental/Lease Application" process that has been crafted to protect owners, has been turned into a cash cow for Agents.

My 1920 Arts and Craft 3BR home only has 1BA.

Everything I read is so positive and that can't be true otherwise more investors would be on itThe same challenges you will experience in any asset class will be present in MHPs as it relates to finding good deals, crafting the right capital stack, and operating the deal.