It would have to be approved by the bank, and generally only a small local bank where you already have an established relationship would allow it.The main option for avoiding the large payment is to live in one of the units and get more favorable owner-occupied financing.

Basically, I wonder if they would discount the note as a favor?

Building to sell is another story, as this can work quite well assuming the variables all line up in your favor.

Should we go with un-favorable HML to build a track record?

Those two qualities alone are enough to stack the deck in your favor no matter what you decided to do for a living.Best of luck,Brandon

I will try to return the favor if I'm ever in a position to do so.

I suppose on a flat fee listing I wouldn't have to split the commission 50/50 if a buyers agent brought a buyer - just work out a favorable commission structure prior to listing it.

I wouldn't favor people loading up on these projects, but if you're looking for a way to get into a first deal it is certainly an option.Many houses are also free and clear and you can get the seller to finance them on creative terms.

I will also need to choose a market I feel is trending favorably for a value-play.As far as the "why mobile home parks as well" inquiry; I think mobile home parks are very attractive because when chasing un-marketed / not-for-sale parks, seller financing can be readily available.

I make more money now by not accepting favors from family.