At that point I owned the lot but not the MH since the MH was considered personal property. 

We can't tell who the person is that's offering this to you.  

Personally I like the steady rent for rentals - for air bnb you never know when people are going to ping you....

I PERSONALLY feel the attorney should be neutral and alert me to red flags and lay out my options.I 100% understand why my real estate AGENT would push me, so ...

Daniel, like others have said, many use Quickbooks that can be tailored to fit the rehab business.

If title was held in your personal name this would still be happening. 

I had personal ties to the area and saw the potential in this once blighted property.

The schools ignore personal finance and business and hence people enter the world totally clueless as to basic concepts of business and finance.  25 years ago when I was financing small investors I made a loan to the purchaser of a small 12 unit apt complex.  

My business partner and I are looking to start invest there but do not have any contacts.

Personally, I started in a market close to me as I wanted to do rentals so until I got my process down, I didn't want to venture too far from home.