There was some type of default issue where the loan has to be brought back in good standing.3. 

And its very common these days if your putting minimum down which it sounds like you did to have negative cash flow the first few years..

I can wholesale just about any type of property that I get under contract with a couple of phone calls.

My house is in a very desirable Philly suburb - great schools, close to I-95, lots of Wall Street/LawFirm/ professional types. 

Unfortunately, a lot of investors first starting out (myself included) tend to focus on finding motivated sellers in these types of communities and then try to talk to the park manager and/or owner to make sure they can do business there.

@George RedHowey test is the best way to determine if it is a security and thus either need to file with security or do an exemption like a 506cIt’s basically 4 parts:An investment of moneyIn a common enterpriseWith the expectation of profitTo be derived from the efforts of othershttps://www.investopedia.com/terms/h/howey-test.aspSo in a jv is one person finds the asset and one renovated it or both are acting in some capacity and making decisions - then you could consider a jv, but if one is a money partner and that’s it then the profit is due to the efforts of others Not an attorney

@Lauren L PokladnikHey Lauren, we actually run into this type situation pretty often in San Diego, and seen people do it different ways.  

What made you interested in investing in this type of deal?

Not every lender is certified to offer this type of service. 

Distance from hospitals, property size (studios and 1 bedrooms probably do best), amenities like black out curtains and other comforts of home.Last thing I'll say is don't target just one MTR tenant type.