In 1-2 years you could save enough to purchase a home to house hack.

To clarify, I didn’t invest in a “fund,” but rather purchased a note for a specific fix-and-flip project.

If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.

I can help with the refinance to pull equity out, but no the purchase, as 99% of the industry won't finance mobile homes. 

The property is being purchased at 103 with an ARV of 375.

(IF you purchased and lived in property asap, then rented it out, then returned to it it sell it years later - better plan.

I have a property that I purchased in Madison NC (about 25mins north of Greensboro). 

I see people purchasing new STR's here and others dumping their properties or converting into LTR's. 

Quote from @Devin James: Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball build larger homes. average new build in our market is 2200 square feet, 4 beds, 3 baths, 2 car garage and sells for 515k. construction costs lower if design is good and find the median or average home sale price and push that up. my guess is you built too small. 347k is cheap. we target 429-479k price range in columbus ohio for single family homes and also only purchase close to urban core where premiums are 20% higher and we build smaller like 1500 sq ft where price per square foot goes up. 

@Ricky Rigsbee - I use the Michael Blank SDA and think it's extensive enough for modeling a purchase with or without syndication.