The first thing you need to know is that mobile homes are NOT real estate; it is personal property.  

I'm still new to some of these real estate investing strategies and am certainly learning a lot. 

Alternatively, if its for the hopes of accessing future real estate loans via the LLC then it may be a moot point as a lot of these bigger banks won't lend on an LLC that's brand new and no history of cash inflows/outflows. 

Since DSCR (Debt Service Coverage Ratio) is a standard commercial real estate lending metric, it's redundant to label these mortgages as "DSCR loans."

(D) They are not acting as the agent of any other person or entity in purchasing the real property.

I am new to the real estate business and this country, thats why I really appreciate any guidence here.Thank you in advance folks!

I have a real estate attorney I can message you if you'd like help with the contract on the seller finance deal. 

That can be a real problem. any idea someone can work around that or it is best to walk away from the deals if the owner doesn't want to take on this battle?

Come to find out his wife's dad had a career in real estate, his friend works at a firm as a private lender (that's how he got started), the houses were 50k houses and half of them were trailers...His personal house, while large was in the middle of nowhere...You can see the focus shifted from real estate investing to social media marketing.

I wanted a real challenge with a real property with great potential.