It needs little repair/work as the owner is a contractor and his daughter initially lived in the home, so he's kept it up-to-date.

@Jay Hinrichs, thanks for the quick response.

@Cory J Thornton- Thank you for the tips and the heads up regarding the vendor event.

Their response:  “What questions?”  

In some states they are preferred if borrower goes into default, but many states are now catching up and passing laws that you have to foreclose on them which makes them worse than a mortgage because you have to foreclose but also it may take longer and you are also responsible for liens/violations on the property. 

Cause once that contractor has that money it is his, you have no recourse whatsoever in getting reimbursed for shoddy work and pictures can lie. 

Also I've been doing a lot of reading on this, but would love to hear any partnership structuring ideas and tips.

@Tom Gimer thanks for your responses.

You could 1031 one of your properties into a care home and have both the peace of mind of knowing your mom is in a place that you personally selected and are responsible for AND you would also have an income generating propety?

His info is excellent for mobile home investing, in parks or on land.