And they don't have evictions, busted furnaces, or the hassle factor of property. 

Can I ask how many properties you have and how long it’s taking you?

Why borrow against an investment property at a higher rate than you can against your primary?

No doubt buying the first property can seem very scary but ideally, you are working with a realtor and lender who owns STRs.

The land is tangible and the mobile homes are considered Personal Property and titled like a automobile.

Also, while it won't cashflow right away, rental rates will continue to rise and in 3-4 years it will very likely be a cash-flowing property (it's in a prime location with tons of upside and development going on around it). 

This property is currently listed for sale for $245k.

The first mistake is the property is free and clear.  

They can take time with their search and be more selective about a property’s location and condition.

If the property is considered non-warrantable, you should still be able to do a standalone 2nd mortgage at 75-80% CLTV on an owner occupied nonqm 2nd mortgage.