Now obviously this is unlikely in today’s market but that’s how it would work.As the private lender I’d charge 2-3 points and 10 percent interest, amortize over say 20 years and balloon payment at 1 year.Put the mortgage on record and away you go

FHA or conventional?

Does the seller have the lot rent and the rent he charges for the mobile home separated on two different spread sheets? 

@Jeff Klein, The technical convention for the 1031 is that you assign your rights to sell (and later to buy) your relinquished property to the QI. 

Obviously, I'm not an attorney and I haven't verified this with one, but I've heard in my state you can charge a storage fee (equal to a month's rent) for holding their property, charge them whatever amount your lease says for releasing fee, and then add on whatever damages the deposit won't cover.

The IRS does not care whether it is a conventional loan, private loan, gift from a friend, sale of stock, savings, robbing your child's piggy bank or wherever you have access to money. 

Most builders have their pet agent who is constantly sourcing and here is how it goes.the agent will find the dirt charge NO fee to the seller thereby getting seller top dollar compared to some wholesaler low balling them.. and then the agent gets the list back on a brand new home.. 

Often times, my goal is to pay the fixed rate investors back as quickly as possible once I have stabilized the asset and can refi to conventional rates. 

If it is more conventional renters, then require 3x the monthly rent. 

So there was an extra person, I charge $500/pp, and she lives there for 9 months, so I can counter-sue for $4500?