Unless you think that $500/door tenants always behave properly...4.

It wasn't their job to make sure you did the purchase/letters of estoppel/assignment of lease properly.

Used properly it can be efficient.

I currently work as an executive in the IT field and my fiancé works as a project manager in construction building skyscrapers and other urban structures.

Once you work out all the numbers if you find out you can do it legally then of course check with your insurance to see what kind of policy you will need to have the new or remodeled structure properly insured. 

I called my accountant right away when I found this out and he stated it had to be done that way because of new program or something the irs is using, taxes would not allocate properly or something.

Hypothetically your rich uncle could loan you the money and secure it against the house legally, but he cant be engaged in that activity as a business without the proper license and without following some pretty strict rules.Very few HMLs are licensed to loan to owner occupants. 

I have been very careful to make sure I am within the proper guidelines.

Inspector: to confirm the condition of the house.Insurance provider: where to go for getting proper coverage and get competitive ratesMortgage Broker – I am not sure if they lend to overseas investor?

@John HixonThanks for the kind words@Mark KvamThe following people I think should be consulted regarding your mobile home park purchase@John Fedro@Curt Smith@Ken RishelMaster lease options in general is where we "guaranteeing the net operating income NOI" on a master lease, have an option to purchase based on NOI, and then turning around the investmentAll leases are turned over to you as a master tenant and you in turn sublease  outThink of a poorly managed apartment building, with a low NOIYou increase rents over time and decrease expenses and efficiency of managementWith a master lease option, you can sell your option or exercise your optionMobile home park negotiations, I would think that that's a late sale and purchase agreement with a large down payment would be the most prudent way to approach it, you may need private money to execute the  sale and purchase agreement@Bill GulleyMight have a few ideas too