Since you don't own anything except for the unit itself and what's inside, there is very little benefit, on such a small property.

Only exception would be if rent rates are way under market.  

Any financing to someone who will live in anything is offering financing and need to be licensed as a bank excepting a few narrow exceptions that state by state Safe act modifies.  

So is he, except for the additional income.Just a thought.Welcome to BP, and Good Luck.Michael Lantrip

Also, I didn't see anything about being able to vacate a property after a certain time period here:http://benefits.va.gov/WARMS/docs/admin26/handbook...There are exceptions of course that could come into play based on your unique situation.

There simply are no free rides and no such thing in real terms as a no cash required deal to start,.........except finding a partner with cash but you need skills and experience to bring to the table.

And I might add that the tenants that I did select  are exceptional tenants. 

I mostly purchased properties that had an opportunity for forced appreciation (one exception and it was priced a little below market at a time that I had no time for a rehab and desired a near zero effort property).So if RE is your chosen path then run it like a business. 

I say that because I'm not seeing many other Mobile/Manufactured Home Contractors on this platform except for me and that's how most contractors refer to them when they're really run down.Another thing that rubs me the wrong way is the dirt road.

Those are the types of properties I dive into, except for the C- neighborhood.