With the right agent on your team they can sell your stronger pre-approval letter to help sell your offer to the seller and their agent.

For example, when my parents had a very long term renters who had financial difficulty, my parents supplied them with food for a month, but they had to pay the rent. 

A modern mobile home looks like Class A apartment finish-out, while a 1980s may be depressing.4) How much supply does the market have?

Any suggestions on rewards (other than just reimbursing them for supplies)?

It's not for everyone, but it does have a lot of benefits if done properly / ethically like others have stated.One benefit I would add that I haven't seen mentioned yet: some capital raisers have relationships with multiple Operators, not only does this offer stronger deal flow like mentioned previously, but it also provides one interface for folks who want to invest in multiple deals/asset classes/Sponsors, i.e. one person to go through for anything and everything related to all of your investments.

Of course you will want to assess supply and demand in the market and you will lose roughly 20-25% of your square footage to common areas/hallways.Mike

There is more demand than supply and new construction isn't keeping up.

Supply and demand heavily favors the solid GC in the current market; my retirement age GC father in law says that he's raised his retail first time customer rates 20% per year for the last 4 years and, in his words, "no one has even blinked."

After approval and before occupancy will be granted, Applicant must supply all the required move-in funds, including the security deposit, first month's rent, and any other additional deposits and fees, all tenant paid utilities must be transferred into Applicant's name, and a lease must be executed and signed by all parties.

*Provides stronger protections against evictions; and,*Limits rent increases to 3% with the ability of tenants to challenge incourt any higher increases.