@Jingwen Dunford, in addition to what @Frank Rolfe mentioned, the transient nature of apartment tenants creates a much easier path to higher vacancy in apartments, while MHP tenants own their homes and tend to be "sticky" tenants.   

@Mohsin MazharFirst off, you are miles ahead of the curve by considering house hacking and seeking advice on this forum.As someone who has house hacked twice, here is my advice for you:1) Target 3 and 4 family properties over 2 family.

The smaller surrounding towns have easier access, higher appeal to getting around more easily and to keeping tenants.

Your target audience is so similar to ours!

With online forums it is much easier to invest out of state and out of country these days.We manage 1,000 properties and almost 50-60% are out of state or out of country investors buying in Texas. 

I think redeploying real estate equity is easier said than done, especially in today's environment of compressed cap rates.

The only other way to calculate a hard money loan would be simple interest which is described above (although the 12 month method is even easier math).  524,000 x .0425 = 22,280.63 / 12=1856.72 or the simple interest monthly payment although I don't think you'd get 4.25% on hard money.

In regards to the flooring, is there an easier way to dry it out without having to remove the flooring?

She makes me life significantly easier.

Easier said than done!