Housing is one of those things that people like to scream about, but the reality is that there are more than enough places for everyone to live.

It has been good to be brought down to reality and realize that there will be many struggles during the process.

And yet every retirement expert tells you to sink every dollar you can afford in to these accounts. 

The reality is though... your only going to be making about $500k on the outstanding principle.

I recently came across 1 acre asking for 314k in a very good residential and growing location, so the current owner has added 4 manufactured homes with 4 electrical meters, 4 septic tanks and only 1 water meter for all 4 homes, the homes are sitting on partial slab and partial pier & beam, he also added 2 storage sheds approx. 380sqft with the intention to make them ADUs they are still only the shell so I would have to get those ready to live in, so currently the 4 manufactured homes are being rented and bringing in 2800k a month, 3 of the homes are needing some TLC which could increment rents and possibly get me at 3600k a month, also being a 1ac lot this still leaves about 12,000sqft of raw land where you could build etc.So that is on the good side now the things I did not like so much, the lay out is poorly executed to where it makes it looked crammed up and not professional but it could be fixed.Another is that in reality there is only 4 livable units so that qualifies under a conventional loan but since they're are 6 units on the property the banks are wanting to take it as a commercial so we would have to move out the 2 storage sheds out in order to close as conventional.Another concern, technically you are only allowed to have one manufactured house or single wide in your property according to what I know but I know it could change according to zoning which I will investigate, so my question is has all this been accounted for and if so how can I verify it so it wont leave me in a bind further down the road, I currently asked my agent for the appraisal of the property to see if that might verify.Any recommendations?

The current kitchen needs a new countertop, sink, and appliances. 

I know I didn't give you a direct answer to your question but the reality is that we're just at the tip of the iceberg.

I have a lot sinking in right now so im very appreciative for the help you guys have offered.

Final thought is to make sure switching lenders doesn't blow a contingency and sink the closing that way. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!