From our experience (PA) and that of our colleagues around the country- the general consensus for a modular to be considered "real estate" and not personal property it must :-Be a double wide home minimum-Be permanently affixed to a foundation.

You might have several different loan options available to you depending on your needs (acquisition + rehab).

I invest in a wide variety of assets, but my on-market team does mostly residential, including multis, and we do commercial, just not commercial leasing so you can hybridize it.

With so many options on funding it’s so hard to choose as a first time flipper.

By the time they finish building it anyways the property values will have likely doubled at the rate we are going down here... and a new vacation home is never a bad thing lolIf you are an investor and you buy a Miami condo, you normally have two options: sell it upon delivery and never use it, or rent it long term and never get to use it yourself. 

What options are other community owners finding right now?

They have a county option that might be better but I didn't see prices on the properties there nor the addresses of them listed.

As long as the zoning for STR is good, you should be good and with a 2/1, you can go more crazy on the beach theme and furnishings which is the only way to be successful in a market where there are a lot of other options.

I decided to give them the option to break their lease and leave, if they so choose, which they haven't responded to yet.My question is, has anyone dealt with a similar situation who may be able to give some advice on this?

I have good credit, but not sure how to obtain financing with my current income so I am looking for financing options that don't require me to provide 2 years proof of income.My current plan is to do the following but would like a professional opinion before proceeding.