Approaching my first deal?

[Michael Pison]

As I was practicing running numbers through multiple properties in my market, I stumbled upon a deal that I think is a hidden gem. The main approach is to turn this into a rental property. From the looks of it, it is a mobile home that was built this year and ready to go. What important questions should I ask the seller besides what's provided on Zillow? And what is the difference in rental prices for mobile homes compared to standard homes.

The plan is to take out a HELOC for 20,000 to cover 20% of the down. I am willing to go up to 40% if that will increase my chances of securing the property. What I'm factoring into my monthly payments is mortgage, property tax, home insurance and the HELOC payment. Am I missing something? How else can I better my chances to securing this property?

I have cash reserves that will cover potential vacancy for some months. If I secure this property, creating a lease and tenant screening will be my top priority before letting any one in. 

Besides the questions I asked, please provide any input that you see beneficial in my situation. Thank you so much BP