My primary goal is to identify properties in high-demand neighborhoods, with a focus on value-add potential.

Would the buyers/borrowers be purchasing with the intent of putting a mobile home on the property and making it their primary residence?

Here’s a bit of background on my current situation:I own one rental property that generates $1,900 per month in rental income, and it is paid off ($300K).My primary residence is also paid off ($288K).I’m currently building another rental property with cash ($200K).

You can find question mark icons next to every calculation inside our software - hover over those icons to see the exact formulas used for that specific metric.There is also a built-in glossary page in our app that lists the calculation formulas and explanations of all real estate metrics we calculate.We don't use "magic" formulas or publish "unsupported" claims.

Could someone explain that to me or if there’s anyway to deduct those expenses.Not sure how we can explain it, because you already included an explanation in your question.

Normally, as @Jaycee Greene suggests, you make a management fee plus a split of cashflow with investors (oversimplified explanation).

out of state is more difficult than advertised. do you already own a primary residence? 

my condolences on your recent lost.there are a few ways you can do this, as mentioned above you can take a heloc on your primary residence which will give you a second mortgage, first mortgage payment wont be impacted. you can do cash out refinance which will give you one mortgage and payment. it will pay the old mortgage and give you money in your pocket to pay for the rehab.or you can do a renovation refinance which is similar to cash out refinance but we would contractor involved  as part of the refinancing and they are paid through the loan

@Carl RowlesI recommend a HELOC or Heloan on your primary residence or the rental if you have enough equity in either.

How long must you wait before being able to rent out a primary residence property from a lending perspective?