There are many myths in real estate real estate and I want to debunk one right now.Many real estate professionals tell clients not to buy a mobile/manufactured home because they do not go up in value, this is a lie.

You will need 20-25% down and a commercial loan for the rest.Most lenders will want to lend to an LLC with you personally guaranteeing the loan.Typically, each MFR would be purchased under its own LLC, for liability purposes.Each LLC would then also need its own bank accounts for collecting rents and paying expenses.

I know several locals that invest there and have had many clients that have purchased there as well.

The landlord would have to pay unless the tenant was responsible somehow, which isn't the case here. 

Then, in year 11, you will begin paying down the principle amount of the loan over 20 years. 

I am deeply passionate about providing personalized, high-energy, and professional services to our valued clients, ensuring they achieve the results they expect.

If you are an LLC, then if you use your personal credit card, you would then have to pay yourself from the LLC for what was purchased on the credit card, and you personally would need to provide your LLC with a receipt.  

Or is it more due to the stereotypes around people on Section 8/the other tenants are paying a considerably lower amount every month?

So it already has to be a REALLY good deal.Best I’m using for my clients right now is a 90/100/75 program up to 92.5% LTC that can float down to 10.24-10.49% for 12 months, interest on drawn funds only, at 2-3% origination.

@Adam Bartomeo we've been warning our clients about the same thing!