For example, I stay 99% occupied with my MTRs - the only vacancies are planned vacancies when I need a couple of days for a turnover.

You’ll want to get really familiar with local zoning laws, short-term rental rules, and landlord-tenant laws as they vary by town if you plan on going the STR route.Focus on Cash Flow Early On: You might be tempted to go for something that appreciates quickly, but in the early stages, it’s important to find properties that bring in cash flow.

I plan to BRRRR this property to pay off the seller and get my money out and was wondering if you anyone has any suggestions on banks that can do refinances for mobile homes.

Ofcourse I am planning to consult a lawyer first. 

If you're planning on only living there 1-2 years, rent may not change THAT much, so calculate what the rent would likely be right now for your side as well. 4.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

We are planning to purchase a home and convert it into a community living space for people in recovery.

You sell when it fits with your original business plan (targeted NOI is reached, timeline is reached, etc.). 3.

I explained to the landlord what my business plan was, and paid him a set rent amount each month (though slightly higher than market rate rent).

-Leverages your current momentum and enthusiasm for investing, potentially accelerating your path to financial freedom.Cons:-Requires managing two properties, which could add stress unless you already have a system in place (or plan to hire a property manager).