It's a great way to talk through your plans and goals for real estate with people that actually understand! 

While it's true that having mobile homes on the property can make it difficult to get a traditional mortgage for buyers, there are still ways to sell it, and understanding the reasons behind the challenge can help you make the best decision.Here's why banks might be hesitant to finance a property with mobile homes:Mobile homes are considered personal property, not real estate.

While their cap rate is declining since Fed hiking rate.In my Single Family, even my primary could generate 1.10x DSCR ; my cash flow property is well above 1.6x by average.I have been wondering those guys in Multifamily (LP), seriously how do they make money in this environment when their conservative UW is only giving 1.2x DSCR, it was way too low, too much risk.( if folks want to understand what we are talk about just read the financial operation offering) .... i always confuse on this aspect hence i raise my other thread about the better investment of active single family

This will give you a big edge in understanding your business.

Our in-house team collaborates seamlessly to bring innovative solutions to real estate projects.What Sets Cronus Apart:Integrated Approach: Cronus emphasizes a collaborative process among architects, engineers, and construction experts for efficient design and build outcomes.Global Perspective: While based in Houston, Cronus actively contributes to projects worldwide, embracing the diversity of the real estate landscape.Why Engage with Cronus:Proven Excellence: Cronus has a track record of successful projects, showcasing a commitment to delivering exceptional results.Tailored Solutions: We understand the unique nature of real estate ventures, approaching each project with a customized mindset.Visionary Designs: Our architects bring innovative ideas to the forefront, ensuring projects stand out with visionary design.I look forward to participating in meaningful discussions on real estate investment topics.

I would definitely connect with your refi lender prior to closing to make sure they understand the process and will be able to help complete it when it comes time.

I understand this is difficult lately with interest rates, but I hear Myrtle Beach is a great market for investing.

We are eager to make the move and start our portfolio, just normal nerves to get started.

I'd like to talk after my drive around so I have a better understanding.

Additionally, if the commercial portion of the mixed use property is in disrepair, that may disqualify the purchase from being FHA eligible, similar to how any property may be disqualified for a regular FHA loan if it is in disrepair.As I understand it, your specific question/situation involves converting the commercial portion of the mixed use building into residential apartment(s) to make the space 100% residential.