Here in Kansas City it's actually been really dry (in spite of the winter snows) so a lot of the problems are from the soil drying out and shrinking from the foundation, removing the support from the sides and bottom.

Cons- is not traditional so some people might not like it and dog nails could scratch it ( I don't have dogs so not sure). 

The weather in Michigan would also factor in I'd guess, we get a little more snow than most places and the property is on a lake shore pretty much. 

I don't know the rehab budget on it, but I do know...1) It was purchased with traditional mortgage financing.2) It looked like the kitchen was torn down to the studs, nothing else.

I'm utilizing a variety of marketing tactics that are inside and outside of traditional REI marketing methods.

I seek to gain a better understanding of "Purchasing & Holding" deals, listen to the success stories of others, and compare notes of the best place to find start-up capital outside of traditional methods such as a bank!

I'm interested in low money down financing to acquire these properties and minor rehab if necessary.Adding a couple real estate positions this year should will give me some tax benefits and add cash flow so I can dedicate more time when I'm ready to do so.I attempted to purchase a 34 unit multifamily this winter using traditional financing.

@Henry Clark mentioned snow balling too, can either of you elaborate?

And with a lack of five-star communities, there's a major focus on the primary MHC market, which is much more stable in terms of occupancy and cap rates compared to traditional multifamily properties.Well, there you have it – the manufactured housing community sector is a hot ticket, with demand growing, rents on the rise, and occupancy rates staying solid.

If you have traditional rentals where depreciation (as April points out), etc could help offset the note interest income, that would be an idea to explore; however most note investors get into this area to avoid dealing with the tasks associated with traditional rentals.There are pros and cons to doing S-corps as with anything and it will depend on your personal situation if it makes sense to do.