The interest rate doesn't look bad considering it's purely an investment property.

For what it's worth, it will not be our primary residence until years down the road depending on how things go (when we "retire"), but it sounds like, regardless, we should steer clear of both options (LLC and fancy self-directed IRAS) unless we want the LLC for pure liability peace-of-mind if we did somehow rent out the land or a structure on it (if it wasn't our primary residence).Thanks again for taking the time to reply, still figuring it all out and this really helps.

The large banks will often have their own overlays which are more restrictive than the pure fha regulations.  

i mostly hear people wanting to have purely tenant Home owned parks and I can understand that, however I have a friend who thinks the opposite.

Or was it purely based on a recommendation or referral?

If not a pure syndication with 10ish investors, what would be a better way to structure the investment package?  

I think the answer is purely in the numbers.

Do your best to keep your Profit and Loss calculations pure and then manipulate those figures however you choose in order to figure your personal analysis.Note that some accounting packages will create a Statement of Cash Flows for you. 

This assumes a pure cash investment. 

Would you say taking into account my market's trends when it comes to rising rents, property values, and moving trends is pure speculation or a legitimate investment analysis?