I’m spitballing, but I think this will change consumer spending habits and NY’s ability to get its act together will dictate the prices of neighboring markets. 

There are ALWAYS unintended consequences to these kinds of laws/rules and the hubris of the govt to believe they can perfectly legislate so as to avoid anyone being harmed/hurt is what will ultimately be 'our' collective downfall. 

Under the topic "Build, preserve, and retrofit more than two million homes and commercial buildings to address the affordable housing crisis" the text from FACT SHEET: The American Jobs Plan says: Eliminate exclusionary zoning and harmful land use policies.

No harm no foul yet, but be sure to stick to the lease.

If you're going to go the "detached apartment" model, then be aware that: 1) you will have a very hard time selling the park at the end of the movie (so you may be stuck with it forever) 2) you will have a hard time getting a loan on it as 99.9% of banks would put value on the homes 3) your expense ratio will be much higher as mobile homes need a ton of repair and maintenance to keep humans in them under habitability laws 4) your management stress will be exponentially higher.That being said, I think of the guy with a park in Alabama that has 100 lots with 100 POHs (100% park-owned homes).

If you are planning to use the cash long term, such as funding a down payment, then there is no harm in doing a cash out refinance. 

Then really focus on your saving habits, make a budget and stick to it, try to put aside 50-60% of your monthly after tax pay.

A good habit for any investor is to ask questions until you find an answer that helps further your goals.Simply because 1 or 2 "standard" mortgage companies said "this is the industry standard" doesn't mean that someone out there won't have a loan for this guy.

It is not quick to evict in ca so when they don’t pay and stay for longer periods you still have to keep the place habitable and they just may run up the utilities even more if they are mad they are getting booted out.  

You may decide college isn't for you, and that's totally fine, but I would caution you against getting in the habit of quitting things this early in your adult life.Best wishes,JW