I am newer to mobile home park investing and I just put one under contract because I was thinking about purchasing it but the more I do research, it seems like a bad idea.

Hello Corey,I am not a broker, simply put, have some experience analyzing deals.

We currently have one significantly cheaper rental that has been working out well and has put this idea into my head.

That's because Fannie/Freddie allow lenders to put rules OVER their own guidelines. 

A living trust is a trust that is formed while you are living and you have put things in it.

While not every agent will put VA assumable loan in the listing many will. 

This is because you're spreading the income out over many years rather than making a large contribution in a single year, which may put you in a higher marginal bracket.The part with a traditional 401(k) that doesn't get taxed is the time the money "sits" in the account.

However, Tampa+Orlando are projected to lead the state in appreciation over the next decade so that's why I personally chose to put all my focus and even moved across country to invest in the Tampa Bay market. 

What is her incentive to put that clause in there?

Either stay put since you just pulled the HELOC on it or see if you can score a two-family and house hack it and then rent the first one.