Hoping to not have to pay an arm and a leg but willing to pay obviously. 

I contacted the city of Edmonton and was informed that moving a mobile home is treated the same as building a new home, and all the following applies:Development Permit ApplicationCombined Building, Mechanical PermitBuilding & Mech Safety CodesWiring Electrical PermitUnderground Service Cable PermitElectrical Safety CodesConstruction Water Rates 44¢/$1000 Construction Value Sanitary Sewer Trunk ChargeLot Grading FeeTo my knowledge, unlike a new home, all we would be doing is reconnecting the infrastructure, and considering that no modifications are to be made to the existing plumbing, electrical, sewer or the lot itself, so do all those permits apply? 

If you ever find yourself under contract on another property with an FPE panel, I'd recommend having the seller replace it prior to closing as it's a well known and documented safety issue; textbook inspection objection item.  

remember, its profit, not income...To protect your corporate veil, you should have all the documentation in place, such as a contract especially since its not an arms length transaction. 

And that would give you a margin of safety.

While I can't definitively say which are the absolute top 5 zip codes in Columbus, I can help you narrow your search for Class A neighborhoods that offer a good balance of rental cash flow, low vacancy rates, safety, and strong school systems.Some promising areas to consider based on general market research include New Albany (43064), known for excellent schools, safety, and strong rental demand, although cash flow might be lower due to higher property values.

I'm prioritizing safety, good rental potential, and proximity to Rice.What's a realistic budget to get started? 

Banks or credit unions often offer ARM programs and 25 year programs.

Having a safety net for unforeseen expenses is crucial.Failure to Exercise Due Diligence: Investigate possible investment properties thoroughly, especially through title searches, property inspections, financial analyses, and rental market studies.

Always make sure you have safety nets in place, especially at these high price points!