It's also a protection for the tenant as well so the landlord doesn't back out either.

Following are the similarities and differences between the solo 401k and the self-directed IRA.The Self-Directed IRA and Solo 401k Similarities Both were created by congress for individuals to save for retirement;Both may be invested in alternative investments such as real estate, precious metals tax liens, promissory notes, private company shares, and stocks and mutual funds, to name a few;Both allow for Roth contributions;Both are subject to prohibited transaction rules;Both are subject to federal taxes at time of distribution;Both allow for checkbook control for placing alternative investments;Both may be invested in annuities;Both are protected from creditors;Both allow for nondeductible contributions;Both are prohibited from investing in assets listed under I.R.C. 408(m); andNeither may be invested in your own business. 

Show us how the deal works, how a lender's money is protected, where the pay-back and profit - yours and the lender's - come from, your exit strategy, and your plans in case "plan A" falls thru.Those two will get you in the door.

This is for your own protection, mostly.

There are three other factor, both very controllable, that also slow or eliminate depreciation:The quality and/or size of the home in the first place;High quality homes use better materials which last longer and look better longer thus increasing the probability the home will hold value.Homes smaller than 16'x80' normally depreciate faster than larger homes because small homes are truly out of fashion (forgive me tiny home advocates) and because smaller manufactured homes look more like "trailers" than a home.The way the land lease community is operated.Well run communities looking to protect the long-term investment of the community over short-term gains almost always stem or slow home depreciation. 

Personally, I never use an option period because I'm prepared to close the deal if I don't assign my contract and I have built in protections in my contracts.  

Although, it won't be that desirable without more protective equity.You can offer additional cash for someone to buy it.Trade & barter, post it on craigslist & see if anyone has something they want to trade for it.Good luck

Sorry to those of you who think this is intrusive, invasion of privacy, or some other lame excuse for not doing the work required to protect yourself.  

My limited experience in the note business albeit only 40 years.. says CASH equity is the trump card ( yes I love Trump cards).. every thing else is just Bull  Fico etc etc it comes down to protecting your cash.. that's what I have learned in all these years and 2,500 plus loans on this stuff.What say you ??????

From an outside perspective, his need to protect is being threatened.