These are business purpose loans, not consumer credit.You didn't mention your relationship with this individual or their experience.

You haven't mentioned anything that would be hard for a standard lease to handle, and even if you did an addendum would probably be a better option.

The method I mentioned will work.

Mobile home park investing is my favorite asset class for a variety of reasons including the report mentioned. 

Be very careful, depending on your state, it’s very hard to get clear title for tax defaulted properties, you usually need wait redemption period expires then suit quiet title for marketable title

I just don't want to wait that long and am ready to start now.

The odds of someone breaking the window while she's just a room or two away doesn't jive, particularly when she waits until the following day to report it to you and fails to report it to the police at all.Charge her and be done with it.

First off - as mentioned above, you could get a livable condition 2/4 unit and live in it.

Her ex mentioned seeing it was worth $125K online which would be a bit tough considering it needs a new kitchen, and even though I've been inside a couple times I don't even know if it's 1 or 2 baths (Zillow & Realtor say different things) Oh I'd love to have two contiguous properties! 

Can't wait for the real estate journey to begin :)Tyler