., this is where I believe your getting confused. 

@Francis A.I think you confuse the thought process John described. 

But one thing I was a little confused about was the commission split they told me.

got that fixed-- but not after some translation confusion when my plumber replaced the main water line, and not the sewer line $$$, not to be outdone by another house 3 days ago, main line was backed up and  i guess popped a cap off, ----somehow the poop/pee was legit going under the house, got that fixed... feel really bad, but the plumber made a lot of money for how crappy the job was.... then a tenant complained of "rusty hinges" that made a door fall off, lol own up to the fact someone kicked your door in because you're involved with sketchy stuff ..still waiting to get paid for all this insanely stressful volunteer work that's apparently super lucrative on paper.... so i'd say sh*tty,.. it's going sh*tty!   

Sorry, Bad info...confused it with a new deal. 

There are two opposing interests and this can make for a confusing situation. 

This is our very first time and really confused whether to go for conventional loan or commercial loan.We don’t want our names on loan since it will affect our personal future loans down the road so we thought about forming an LLC but LLC needs commercial loan and interest rate is higher for that so difficult to maintain positive cashflow.I know I can’t have the best of both worlds but really wondering how do newbie investors go about this?

I'm a bit confused about capital expenses though. 

I'm confused whether you have a single mobile home or multiple.

Sorry for the confusion.