And lived in it for at least 2 out of the 5 years prior to selling. 

I am considering buying a mobile home to place on the land I live on. 

I'd recommend working with a good strong property manager that lives in that area that can check on them.

I lived in CA for 20 years, and we had W2 employees in CO and NJ, where we do not own communities.Also, we take much pride in the work that we do to renovate the homes.

The property has to be considered 'in service' for you to list it on your tax return.In service entails a couple of items such as1) The property is in livable condition - Working bathroom, kitchen and an area to live.2) The property was advertised for rent.Best of luck

I guess I could do some work-arounds -- maybe reserve one unit in the first purchase for use as an AirBnb, and reserve my own time in it when needed - instead of claiming it as a primary.Are either of you (or anyone) familiar with a finance product/loan that will allow me to purchase under $150,000 (w/ strong credit) and do much of my own work and live-in a portion as a primary residence?  

If you plan to buy in your hometown, buy a 2-4 unit, and live in one of the units.

I'd buy where you live (within an hour or so) for your 1st investment!

House hacking in Chicago can be a game-changer—letting you live for free (or close to it) while building wealth through real estate.

@Hudson Filippi What part of Northern MN do you live in now?