Depending on the severity of smoke damage and structural issues, it could be a huge challenge for first time flip.

A trust transfer allows for smoother estate planning, and if inherited after their passing, the land receives a step-up in basis, reducing future capital gains tax.Each method has pros and cons depending on their estate plans and your long-term goals.

I can't say when that will be but 4.125 is quite a lot depending on the rate you get.I personally want a hassle free funding experience and the lower rate.

And it depends on what you do next - rebuild or sell as is or some other plan. 

In my experience, 75% of the time, the tax payer doesn't have a large enough liability to justify the accelerated depreciation anyhow- depending on your income and tax bill, it might not matter at all.

There are definitely some solid strategies that work well here, depending on your goals.Are you leaning more toward a traditional STR, or are you open to rent-by-the-room or medium-term rental strategies?

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

With $50K and a DSCR loan, your budget will likely cap at properties in the $150K-$170K range, depending on the closing costs and any repairs needed.

It will likely depend on where you are looking. 

As a long-term hold investor, I see this property as -$600/mo to -$800/mo depending on whether you use a PM or not.