Our understanding 1-4 units are considered residential and comps are based on similar houses in the area.

Since not using one is cheaper (So they say) should a beginner do that or should they hire a GC until they understand how to do it themselves?

But I do understand the "pros" of LLs that always sent their leases up as MTM.For an inherited tenant(s) situation, I would be THRILLED if they were already on a MTM lease. 

People don't understand thats what a lot of moldings were for, reconciling wavy and inaccurate surfaces.

., I can understand why you would want to develop a new small multi-family.

Not sure I understand your question regarding contingencies ??

Kameron, As far as I understand, a mobile home community is a multifamily/commercial asset. 

Although the article in link below is specific to Pennsylvania, if you read the part under Section IIa "Purchase Money Mortgages", you can see some of the issues to look for in other locations:http://dornish.net/understanding-pennsylvania-mort...

I understand there are risks involved, but I feel it would be minimal since I’m only looking at using around $80k for the rental purchase.

@Tiana O.The way I understand it You will have to pay yourself some salary  commensurate with the work your doing including FICA but the rest can be a dividend /distribution void of SSMED Tax.