I have recently talked with someone who specializes in acquiring and selling MHPs and they suggested getting financing on the premise of purchasing the MHP, upping rent to get tenants out, and selling the units to payoff the loan(s), and the restarting with whatever proceeds are left, or getting new financing to buy newer units and get better clientele.
What are the thoughts around this? I know this bumps ethical lines, but does this work? Has anyone else done this?