Exemptions to getting a 2nd FHA loan per HUD handbook are:-Job relocation 100 miles away or in another state-Increase in family size-Vacating a jointly owned home (ie - divorce or the like)

Also double check on the ADU size restriction.

And each former LP (now a tenant in common) can do a 1031 exchange on their portion. 

Quote from @Sherry McQuage: Make sure to check the zoning to make sure mobile homes are permitted there; check for any hazardous waste designation for the area; will you need to have the parcels surveyed out in order to sell the size you intend? 

That size and price are within range.

Given the size of the asset, these won't be huge, but something to consider.REWARD - In addition to the benefits stated above, the only other reason I could see doing one on an asset this size is if you wanted to offset a property sale that would have a large capital gains. 

But if your budget is tight or your home only needs minor updates, your real estate agent can help you think outside of the box by suggesting simple DIY staging tips to help your home look its best.Bottom LineStaging your house properly can make it much more attractive to buyers, but it’s not a one-size-fits-all solution, and every home shines differently.

In our reviews our lake, pool, size of our house and location relative to everything else gets the most mentions.

But I would rather get a good-sized down payment that I can use to invest elsewhere and get a good sales price due to the cheap financing.

The investment portion of 3 units equals their reinvestment target of $600K.