Pros include securing the desired property and strategic planning, while cons involve higher costs, financing challenges, and complexity.

The premise proclaimed at the start of this thread is simply not supported by mathematics with the exception of the specific case where the interest rate on the HELoC/secure LoC is sufficiently lower than the rate being paid on the mortgage.

Assumptions: specifically allowed in city ordinances, mobile home manufacturing in the area, or that someone heavily marketed that area as a retirement location in the past. 

Don't need a ton of pictures but I want to get a decent idea of the location and condition.So basically you dont want your customer to know it look dumpy until they show up.....I can understand the safety from people looking for vacant houses.... then anyone selling a house better take all of their outside pictures off their listing

It was built in the 2010s and located in an established neighborhood with convenient access to schools, amenities, and major transportation routes.

It was built in the 2010s and located in an established neighborhood with convenient access to schools, amenities, and major transportation routes.

Depending on the application, first, last, security, and another month or two.

I'm a STR owner / manager located in Texas (Bryan /College Station, TX specifically.) 

ETC: February- buy a high end home at a destination location.  

Quote from @Chris Scarazzini: Hello bigger pockets community, I am a new investor located in the capital region of NY.