Now that I am in position, I would like to place a mobile home to generate some passive income, but I don't want to use my savings for the down payment.

Still, it is worth it.Think of FF as a lead generator and not a booking platform.

I ran my own custom proforma for a bank loan using the asking price that would generate a cap rate over 10% and CoC just under 20%.

It is already renovated, tenant-occupied (or ready for tenants), and generating income from day one.

Renting the PropertyIf your parents rent out the home, they have multiple income-generating opportunities: Renting As-Is: A 4-bed/2.5-bath home in a desirable area could command a high rental rate, likely around $2,500–$3,500/month, depending on local market conditions.

One thing to be aware of is the FHA multifamily self-sufficiency calculation which determines if a property can generate enough rental income to cover its mortgage payments.

A vacation rental could generate higher returns but requires more active management.

My property generate 4100 per month and it is a 2 family.

Where we expected to gross between $30-40k, we are grossing $60k and generating around $2000 per month in cash flow.

Maybe not for my generation, or even a youngster like @Jay Hinrichs, but for the bitcoin investing/trading generation, it’s probably something they’ll have no problem going with.