The borrower is not personally liable for the loan, and the lender cannot seek additional repayment beyond the collateral.Since the borrower is not personally liable, they can choose to make larger or additional payments to pay down the loan faster if they wish.

Also, try to see if the lender will allow to buy under LLC for better assset protection; by doing personal gurantee. 

Personally, I've been in the mobile home investing business since 2007.

I'm trying to get my first deal and in the prosses of educating myself.

And while grabbing an owner-occupied loan is typically a non-starter in a standard 1031 transaction, this is a mixed use property that does include a personal residence portion. 

Are they different for rental property vs personal?

To further complicate the process, this demand notice must now be attempted to be personally delivered to the tenant two separate times, on two separate days, before it can be legally posted upon the property.

And with you using one of the units as an office would not eliminate the fact that you are 'disqualified person'.

Does having an LLC simplify any of that vs doing it as part of my personal return?

I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.