The 1st position loan is paid off but has a second position heloc on the home with 50k balance.

Any tips or advice?

It is a mobile home and I was able to get seller financing for half of the purchase price. 

Even if I am to not be taking home the lion's share of initial deals, I'd like to still be building some capital for future dealings.

If you can get a better deal on the home due to age its a fine and if you need financing banks do not judge year built. 

@Frank Pyle yeah, this is pretty normal and the type of home you use isn't of consequence. 

Share your stories, tips, and insights!

Also any tips for automating this as much as possible and how to protect the property financially and property management would be appreciated.I ALMOST understand the rental arbitrage strategy if building a company scaling with say 30 + units and looking for high short term cash flow.  

I’ve lived in my current single family home since 2020.

@Arron Paulino Your posts illustrate the challenges of exiting SFH's in markets where the natural buyer is another investor and not home owner.