Livin the double wide dream? Does price even matter?

[Justin O'Malley]

I'm very new to the investing game and my ideal goal would be to purchase a multifamily unit and live rent free. Unfortunately that doesn't seem realistic yet because I have almost no savings just out of school and I live in Denver where home prices are soaring. My next option for a starter investment is a fixed double wide unit that is listed for 45k. According to my estimates the property should be closer to 30k so my questions are:

With a mortgage that only requires I pay $250/mo does the final price matter that much if its only going to be a $40/mo change?

Are there any major pitfalls getting into an investment strategy using a double wide?

Rent could be upwards of $800/mo so is the cash flow enough to make this a good investment no matter the price?

Any and all thoughts, tips, or WARNINGS are extremely welcome!

[Jean Bolger]

In Denver?  Are you sure it's with the land included? That is an unbelievably good deal if it is. My guess is that it isn't, and you'd still be paying land rent. There are plenty of homes in parks selling in the 30-40k range but lot rents can be as high as $700/mo.
If you're not sure and want me to look into it for you lmk.