Also, the terms of our offer were pretty ridiculous because it was contingent on:-Us finding two sets of renters and signing leases (in order to get the financing in order)-The owner of the offered-on property buying-out one set of his tenants-Us being able to move in within 60 days of closing How did you finance this deal?

Plus some of these are on ground leases, which can create financing issues down the line.I have nothing against manufactured homes, but I think it would be beneficial if there was a comparison for short term and long term historical performance on both rents and value.

Great question....my answer is total guess vs expert response, but I don't think you probably gain much if anything by doing a cost seg on a single family house with long term renter. 

Would you happen to know if they insure 2-4 units with short term rentals?  

Current long term tenants with good rent & equity appreciation What made you interested in investing in this type of deal?

Are there any insights into what students might be looking for in terms of housing?

This is my market but I focus on long term rentals with SFR and small multifamily.

I think in terms of listings as being on the MLS.

There's also Jefferson City which is just east of knoxville that has some upside too. college town near a lake which gives some upside for students or short term rentals depending on what you like to do. 

What are the loan terms?