Even if the rent is real, you need to discount it to account for expenses.

I agree with what Account Closed said that the interest seems pretty low and you may not own the land so if things don’t go as planned you may be paying a lot  for lot fees.You may want to study up on mobile home investing or manufactured home investing before doing this deal if this is the way you want to go. 

Lots of people have the discussion about tax and legal implications, which there are many and should be discussed with an accountant and attorney, but you'd want the LLC if you want to buy properties directly in the name of the business without having to do quit claim deeds and run the risk of having the loan called due.

Account Closed each micro market will have their own insurance carrier that is the most competitive. 

But most people get them resolved through an attorney instead of a CPA.As someone who owns non-US investment properties and has to deal with legal/accounting issues in another country, I can definitely sympathize with wanting to get everything done under one roof.

Account Closed , not really prices are either same or going up.

As was mentioned earlier, they do direct deposit and the money shows up in my account like clockwork.

Hi Account Closed!  

Do you just use a “high interest” (I use that term loosely..) savings account?

Account Closed suggested and pay her the money.