Free advice is worth what you pay for it, but you need to hit the pavement, network with people, and sell yourself, if you aren't applying to a traditional defined program.

If none of that works, you'll have to get super creative and step outside the realm of "traditional financing."

Another way to prepare is take out a traditional mortgage on the property so that you 1. know what the monthly payment will be with certainty and 2. 100% will have access to the cash.

Your first deal is not meant to be a slam dunk or make you rich.

->PropMgmtLLC - separate traditional single member LLC member managed by me, has its own EIN and bank account, has a contract with Cell1, Cell2 and handles all aspects of property management for property1 and proerty2, sends monthly invoice to Cell1, Cell2 and charges a $50/month management fee for each property.

What is keeping you from getting a traditional mortgage on this property?

Construction is around $120 /sq foot 4) Rent out, collect rents, and refinance with a traditional mortgage.My reasoning is that 1) Renters don't care whether a house is manufactured or not, so would pay the same rent had the property been site built. 2) Manufactured houses are much cheaper to build than site built, so cash flow would be better 3) I'm not too experienced in construction, so manufactured could simplify the process. 

Construction is around $120 /sq foot 4) Rent out, collect rents, and refinance with a traditional mortgage.My reasoning is that 1) Renters don't care whether a house is manufactured or not, so would pay the same rent had the property been site built. 2) Manufactured houses are much cheaper to build than site built, so cash flow would be better 3) I'm not too experienced in construction, so manufactured could simplify the process.

Construction is around $120 /sq foot 4) Rent out, collect rents, and refinance with a traditional mortgage.My reasoning is that 1) Renters don't care whether a house is manufactured or not, so would pay the same rent had the property been site built. 2) Manufactured houses are much cheaper to build than site built, so cash flow would be better 3) I'm not too experienced in construction, so manufactured could simplify the process.

Although come to think of it, buying a home traditionally would give me even less equity.