We purchased it off market, as-is, and as it was our personal home, we renovated over time.

I've got stories that would be hard to believe on some of my seller financing deals, contract on a napkin, personal check for a notarized deed, hand shake deals, etc., etc. and a LOT of fun.

You are going to send your wife to personally unclog that toilet.

It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.

I personally would recommend the last method.

I have been doing construction my whole life so the work is not something that I am worried about.

For mobile homes, it often depends on whether the property is considered real estate (attached to land) or personal property (if it’s not).

But it sounds like you should also balance your decision on what fits you and your families preference and style since you will be using it personally. 2.

Ideally you would put only one persons name on the mortgage unless you absolutely had to have both to qualify.  

Apparently, the person I am under contract with was managing the estate of the actual owner who recently died.