Long story short, if you use an FHA loan to buy a property, you need to actually use it as your primary residence (move into it and live there) shortly after closing and continue living there for a year or so.

These homes tend to individually appreciate over time and are actually not bad places to live.The places with the lot rent you have to decide if you want to be in the mobile home business and buy the park.

When offers come in, prioritize pre-approved or cash buyers for a faster closing process, negotiating where needed to maximize your profit.Finally, conduct a post-sale analysis to evaluate your financials, noting how actual costs, timelines, and profits compared to your initial projections.

What Chuck describes (supplying no appliances at all) is actually illegal in a number of states.  

I am actually planning now for when my kids are in/through college and I am able to target larger multifamily projects in a wider geograhical area. 

Some lenders use the lower of the actual rents (if rented) and the appraiser market rent survey to calculate the DSCR ratio.

Even then you would still need to actually go get the license and maintain it.   

My 2 cents is right there with the other guy, get into something on your own first to test the waters and know what it’s like to actually buy and do some work.

This is your actual cost of the property. 

A helpful trick is to completely ignore the rents the buildng comes with and figure out the actual market rents you can get.