Hopefully those that can pay will do the right thing for everyone’s benefit because I feel like landlords are going to be getting tighter in screening and this is an event I won’t be looking past for judgements and evictions when making selections.  

I'm having trouble actually finding a lender to purchase the manufactured home and for land improvements, so i figured anyone I look to sell the home to would also be limited to select lenders.

A document that covers what happens upon death of one of the owners, right of first refusal in the event one owner wants to sell, who is managing this entity, the process for selecting the manager and removing the manager, etc.An LLC taxed as a partnership may be the way to go. 

I'm mainly getting the license to represent myself as an investor and also to work with a select few clients - friends and family mostly.

What has worked for you with not being able to select the renters when taking over?

So, as long as you are selecting properties that can cover the mortgage and expenses with that 75%, you should be good.Hard money lending is also an option. 

The tenant has the right to select whatever option they prefer.

Be sure to be careful when selecting and maybe even bring along your contractor if possible. 

Replaced all flooring, all appliances, garage door and garage door opener, selected window coverings, repainted the house throughout What made you interested in investing in this type of deal?

To ensure we get a larger pool of tenants to select from when we listed it for rent, we priced it at the lower side (slightly below) the market rate at that time.