If your relatives land is zoned exactly the same and has the same site benefits and is the same size lot then your conclusion might be good.

If you haven't already, I would recommend reading the Mobile Home University Due Diligence Manual - this makes visible all the risks and benefits of MHP purchases.  

I have already  learned much more than I could have if I would have spent the cost of pro somewhere else, and I have barely used any of the pot benefits yet.

But if it was a house you were already looking at, then as soon as he started in discussing in you should have told him that you were bidding on it and not to mention numbers.At the end of the day, you'll benefit from someone if you mentor them and help them become successful as well.

It is advisable not to break leases early, or both landlords AND tenants lose available funding or benefits. 

also if i am buying this property for a good price and planning to flip it , hold , rehab and rent it ,, do i need to have title insurance after the deed recorded under my name or no , if yes what is the benefit of it , if i am planning to sell it soon ??

So I am wondering whether it is legal to claim both home office benefit and free from FICA on Rental income from IRS, or otherwise you have to select one of them.

REITs do not give you many of the real benefits of investing directly in real estate such as 1) buying below market value, 2) depreciation expense, and 3) leverage. 

I would imagine that is because they have done a simple cost/benefit analysis of their time and determined that maybe you were not serious about acquiring a property.

this preys on people who have money, but their credit isn't good enough to get a bank involved).LTOs pay all taxes, insurance, utilities, and maintenance ($$$).LTO's pay market rent at a minimum, often slightly higher than market ($$$$$).LTO's receive none of the tax benefits of home ownership, because they don't own it ... they are waiting out the clock, and trying not to violate the terms of their agreement until they own it.I won't even attempt to get into all the different flavors of shadiness that investors will paint themselves to obtain property to sell LTO, that's a whole different rant.In this situation, the owner (real estate investor or otherwise) gets all the benefits.