It’s usually either first months rent or half of, so if you plan for annual turnover that’s either 4.2 or 8.4% per month to account for For financing, even if they do seller financing you’ll be hard pressed to find someone who is comfortable with receiving nothing up front.

(I've thought of seller-financing which I will discuss with him on Sunday, HML's but don't understand them quite good enough to feel comfortable using them)Any ideas or suggestions are much appreciated!!

If so, I’d feel comfortable retaking possession.

Good insulation underneath the home is mainly helps keep the heated environment inside sealed so your HVAC is not working overtime.Manufactured homes can absolutely be a maintenance headache.

To say the least, this project is a HUGE undertaking that I wouldn't feel comfortable tackling yet.

They will probably need to have an agent there if you don't feel comfortable for people to be in your place without you there.  

But they're not as comfortable managing or owning a significantly more expensive asset. 

You could also do seller financing if you're not comfortable with the HML.

Given the current situation, even if I lower it to 1150, I think I still have enough room in my numbers to cash flow comfortably.

- PM rates vary per area. 10% is average but other locations are either higher/lower or may even be a flat fee.As long your solid on all of the above (Which by no means is a complete list) and the cash flow is something you are comfortable with (everyone is different) then it's up to you to decide if it's worth continuing down the path of this deal or finding another.