@Lance YangProperty taxes can be lower for those that live in the house than those that rent it.

@Jo Zhou Here is a crazy idea that would allow you to save face in front of the tenant AND your PM AND help the couple out.Tell your PM to evict them after some set time frame, let's say 2 months and make sure the tenants know this is the requirement.

Are there any creative ways to pay a lower down payment?

And are you going to attract lower quality tenants telling them you intend to sell the property while they are renting.

I think you could get your closing costs down quite a bit lower than that. 

The lower you go the faster you sell it.

They are all rented and it looks like there could be a decent cashflow from this acquisition however my concern is that when I would try to refinance out to get my cash back, that the appraisal could be lower based on the mobile homes, has anyone faced anything like this before....I know this sounds a bit crazy so any info would be most greatly appreciated and if there is any additional info you need from please let me know thanks

I wanted to take a new 30 year loan out loan then payments would be lower approximately $300 a month and rent it for $800 but I’m just lost.

I have some friends I'll share it with that like the lower-end rentals. 

That means, if your current debt ratio is 50% or lower without buying the home, then it should still be about 50% or lower after buying the home as a rental.Fannie Mae will allow you do a 1 unit at 15% down payment, although you might consider a 20% down to avoid mortgage insurance and help lower your debt ratio.