A fixed rate 30 year mortgage doesn't exist in commercial financing.

Not sure I'd spend the money to run hookups for them if not existing. 

Look at your risk vs reward.....free and free...the only thing on you is to make sure you have the funds and the knowledge to put the MH back together and sell for a profit. 

Currently, in our market(Colorado), if you can find a good value on the dirt you might be able to build for cheaper than you can buy a pre-existing multi unit for, but more than likely not.

Hello, As a Canadian resident who wants to buy in the US market, what kinds of legal protections exist for foreign investors?

that was not our argument, i was saying as soon as i have contract to purchase or option to purchase i can market it as my own. so he never showed me the statuted he said existed. 

In talking with our real estate agent it was suggested that we coils raise rates after the existing tenants move out and I think it's definitely viable.

There certainly exists a risk of him still coming back at me, but as of now there has been no response. 

You then sublease to the existing and new tenants for cash flow.There are four main advantages1.

This is an investment like any other and you need to find a "Risk, Reward" balance you are comfortable.