@Clint Moore thanks for the reply, could I pm you to speak more on this?

@Jay Strickler I may know of a few lenders in Florida that you can speak to in regards to this type of financing.

It probably depends largely on the type and quality of the subfloor.

Practically speaking, if you do CFD, just record it. 

The quality of neighborhood starts deteriorating...

If not, take a ride over to the agent's office and speak to him/her directly.  

Pros:Strong cash flowMajor affordable housing shortage in the countryBarrier to entry - zoning prohibits new parksPride of ownership - the residents own the homeLower operating costs - the residents own the homeLower touch - the residents own the homeSticky residents - costly to move a homeEasy to raise rents - costly to move a homeRecession resistant asset class - affordable rentLarge private equity funds are entering the space - drive prices upMom & pop ownership - opportunities to improve NOI and valueLower entry cost per door - less capital neededCons:Not sexy - smaller resale pool (but that's changing)Stigma - some counties try to stop operations (poorly operated parks, criminal activity)Stigma - some people don't want to live in oneLower credit quality residentLess appreciation potential, unless forcedNiche investment - helps to have scale to properly operateMany banks don't understand it - tougher to financeOlder assets in many cases

This will almost always be too little to rebuild the insured property with like kind and quality.  

A lot of buyers in search of turnkey want everything together in a nice tidy package, so to speak, and they're typically seeking it from someone whose business model it is to provide turnkey ... it's the package that makes it worth the premium price, not just the condition of the property or the fact that it's rented.

Ming’s too modest and Philip is right - the Meetup is terrific and I try to go every month :) They bring in a lot of guest speakers and last month with a mortgage expert speaking about the financing changes.I think the next one is about design and construction management - right up your alley!