Buying mobile home off friend for my first rental

[Danny Hinkle]

Considering on buying a mobile home off my best friend. It’s a 1997 Oakwood 3br 2ba. He is the second owner with his aunt being the first. He currently lives in this mobile home and I actually lived in this mobile home with him in my bachelor days. He has offered it to me at 7k. I called the PVA office which has it listed for 16k. I will be taking a HELOC. The mobile home does sit on a lot which is $150/month and my HELOC payment would be roughly $105. I am new to RE investing but trying to get my feet wet.. The roof has been resealed last year. Trying to figure out my ROI. Any advice would be greatly appreciated.