Yes, you can put down 10% for a second home, HOWEVER the rate adjustments for a second home and investment property have been the same for several years now.

There have been many investors who have been successful in mobile home investing.

The unit they vacate unit goes on the market, giving the next person an opportunity to move out of their parent's basement, or get their first apartment. 

.: Hello All, I'm interested in building a Mobile Home Park on some property I have in Texas. 

I purchased a Home in SC as a second home and the taxes are through the roof.  

Ask questions and get good at determining motivation and inspecting homes. 

If that is all ok then get a very good local realtor to run comps in that area to determine the conservative value of the home once you've completed the renovation work(ARV).

For the last 4 years I have purchased 7 rental homes that are all renting but similarly to monopoly it’s time to scale.

if you're in St Pete frequently you'll need to turn some of those vacation trips into work trips - networking, building a team, and trying to find a distressed property.but the trick is then going to be moving quickly if either 1) a distressed property hits the MLS (unusual, but not unheard of) or 2) a distressed property comes to you another way (from your network, from a wholesaler.)how you will move quickly enough to lock it down and buy it, if you're in RI? 

Now I'm wholesaling mobile homes on land and in parks.