@Tony Nuttall personally I’m not excited about a 2/1 because there are fewer exit strategies.

I would be more concerned with where the title to mobile home was - was it retire and put on the property or is it still personal propertyThere is nothing you can do to make it compliant, if the loan has been current for 12 months then you have ability to repay because they have consistent pay history

However the tenant is telling me they have personal issue and wants to move out of the lease or asking me options to break the contract. 

Maybe $50-$100.More importantly, is get this person out.

All of your responses are very helpful! 

These sellers typically want a fast sale to move on with their lives and avoid ongoing conflicts.Relocating SellersPeople who need to relocate for a new job, military deployment, or other personal reasons often seek a quick sale to avoid the burden of managing a long-distance property.Inherited PropertiesHeirs who inherit a property they don't want to maintain or manage may be eager to sell quickly.

This higher return reflects the increased risk and responsibility on the buyer to secure a large sum for the balloon payment or refinance the loan within 5 years.

Quote from @Chris Seveney: Personally if you have one mortgage already that is negative cashflow I would be hesitant to buy rright now, especially in canada where from reports their housing situation for pricing is far worse than the US on affordability and just like US, people think prices can only go in one direction but reality is they are moving in the opposite direction."

That's how I personally invest nowadays.

Yes a new person's experience could absolutely be different.