Most accountants say 2 years to be safe, but the IRS does not define this time period explicitly.

Because its safe to assume they used a TREC contract to buy the property so they should feel confident using the same contract to sell it. 2.

@Tim BradleyBRRR is a great way to build wealth during an expansion stage, but BRRR is also a very dangerous method in a declining market, which will begin soon...I would not use BRRR at this cycle stage, not safe...

Or just to be safe should I install French drains for the front wall and back wall?

@Deepak Mahajan Phoenix metro is a safe place to buy your first rental, especially being local to shop it and manage it. 

@Nica Ferrante yeah, NO sexual offenders of any kind...I don’t bring that upon the neighborhood because I want a safe profitable investment

Safe the headaches, and pocket the money.You can get TONS of information from reading :The Book on Flipping Houses: How to Buy, Rehab, and Resell Residential PropertiesThe book was really great in devising a plan to scheduling your subs. 

I think I would want to play it safe and try to get low monthly payments just in case worst comes to worst and I end up having to pay off the loan for a few months out of pocket at some point.

Nobody knows the exact breakdown as to how many of the roughly 44,000 mobile home parks in the U.S. are 55+, but it's a safe bet that it's a small portion of the total.

Biggest thing with this is going to be you and your ability to prove to the seller you are a safe debtor.