Question: Should I collateralize the loan (if using private or hard money), or rely on roll-over loans (to maximize the lower points and 3-4% rate)?

I think it should appraise for at least 600k and think 650k is reasonable.It’s fully renovated and fully leased for $5,200/month.I’ve reached out to banks to see if I could use cross collateral to be my equity contribution but at least so far they’ve also wanted 10% cash.I’d like to avoid coming out of pocket with cash.I was wondering if you had creative ideas on how I might be able to get this financed 💗

They finally get back to me after the close date to say they need more time because they are try to cross collateralize their other properties to make this deal happen and the bank they were using doesn't do this kind of loan. 

Unless the land is super valuable, probably not collateral for the mobile homes. 

Look at all the above and more.History, experience, assets, ability to pay, collateral, references, credit score, etc.The more the better. 

It may be tempting to treat them as one property and do what is called "cross collateralization" in order to maximize the amount you can borrow.

The struggle comes when you plan to sell, pay close attention to how the bank would treat the loan in the event you would sell.Even though its a bit more work, banks are typically open to these loans as it provides them with additional collateral in the event of default.  

I have a bank locally that will use DOT as collateral for loans.

There are BLOC's Business Lines of Credit which will allow collateralization of residential income properties.

Nevertheless, if the RAD investors  actually had loans  collateralized against property they would be in a much better position.