I took a small private loan and bought my first home.

Based on your post you're talking about buying the trailer, not the land.

Purchase price: $187,000 Cash invested: $15,000 Sale price: $259,000 I got tired of moving place to place and worrying about finding roommate, security deposits and not having enough money to deal with maintaining someone elses home.

Unless the land is super valuable, probably not collateral for the mobile homes. 

Quote from @Kyle Carter: What about if I already have a rental, not with the home buyers program.

Hi Dean, how much did you really leave up to your property managers after purchasing a home when looking to scale? 

However, let’s go with the scenario that you rent and HELOC the Las Cruces home.  

He bought a home for himself in Lodi California but work in the Bay Area long story short he can’t deal with the commute anymore and decide to stay with a buddy close to work.

I also kept my first home and it is paid off now and worth approximately $150k, with current renters. 

Hey Todd, that’s a real juggling act you’ve got.. balancing one home in Florida with another new purchase in Oregon.