The regulations and violations are TOTALLY different.

One thing to consider which Jerry K. brought up is SEC regulations.

A loan to buy an asset and providing a security interest in that asset is not a regulated bond when it is with one lender, a regulated lender, regulated by federal or state law.

Plus, there are different regulations as far as how long my wife and I would have to live in the house.So here's my question:I'm trying to figure out which strategy would be better.

Therefore by HUD rules a parent with a boy and a girl requires a 3 bedroom unit.Every bedroom must be at least 80 square feet and must have a window.State and local laws and regulations may have other rules that are in addition to the Federal rules.

Once a law is a law, everything is done by Rule, and in this case, the rules are written by the agencies that regulate them.

The process must be documented and there is a penalty for failure to comply with this regulation.

Make an offer subject to any issues pending and then, make the issues go away through coordination with regulators, showing new management on the park and no more seller financed deals :)I'd say HUD would go along so long as the violator was no longer in the business.What do you guys think?

The caveats are that newer regulations really limit what you can do with seller financing, and some of Scrugg's content is dated.

And you need boots on the ground to build a team of people you can rely on when you're not there.Visit with a real estate attorney to get familiar with the rules and regulations.