A big issue for the middle class is the lack of financially literate mentors.

Chris Mason  not being a retail lending expert.. the folks that bought the manufacotred duplexs from us got loans maybe of a commercial nature and not FNMAthe stuff I am doing in Oakland now is all SFR.. so no issue there. and NO I don't tear the tag off.we affix it to a permanante foundation it becomes real property.

If so and the test comes back hot, the state will then be involved... regulatory issues galore.

But what I can tell you is that after researching this issue with my $50k SDIRA, I found that owning actual RE with it wasn't worth the hassle.

I like to be able to have a solution to answer any issue regardless of whether or not I can profit form it, so take a look at my website and let me know if you see where we can align.Thanks,Dean Carlson

Friendships are formed and its nice to pick up a phone and talk to a local investor when you have a state or city specific issue or just to go over a deal or neighborhood. 

This is a common issue that college student housing faces.  

That extra 1.5k a month could really vanish extremely quickly if you have an issue with a rental property or a tenant.

your saying the property is worth substantially more than that so it should not have an issue appraising for your FHA 203k  correct.so simply write a contract for 391k with seller paying the lien out of their proceeds you get a loan for 391k plus 50k or 441k  and off you go.. every one gets what they have negotiated for.I don't see this as any more complicated than that.. other than your making it seem complicated liens are paid off from sellers proceeds all the time..

Do you make a distinction between mobile and manufactured, or are they more or less governed by the same principles?