It will cash flow around $250/month when we move out.With this going on, after reading some articles on mobile home investing, I'm considering purchasing a mobile home in town outright, moving in immediately, renting out our room in the SFH immediately, fixing up the mobile home a bit to use as a future rental/seller finance, and then continuing with the SFH deal early next year.Being so new, I really want to get my feet as wet as possible to get the experience, but I dont want to stretch myself too thin without having a ton of money to start.

I agree with @Melissa Jolley @Darren Koenenn, Inlet Beach is up and coming - that last stretch before South Walton County gets super expensive!  

No, not being intentionally dishonest, just stretching outside your comfort zone.

It used to be a 25 hour course, but the state thought that was too easy, so they took the *exact same material* and stretched it to 40 hours to "raise the bar".You'll learn all sorts of definitions that you'll never need as a Realtor. 

To know whether or not a property is a good deal you have to stretch your calculations to a 1-year, 10-year and 30-year projection that includes rent increases and appreciation.My business model is to double my investment capital every 1 to 2 year, or to earn a 50% to 100% return on my investment capital every year.

I've considered offering seller financing to exit.Will still have to recapture depreciation year 1 (ouch) but will stretch out the cap gain and provide years of cashflow.  

As for how to purchase...you can do an LLC but that could limit or put extra burdens for getting loans that could stretch your time line.

I am trying to stretch my capital as much as I can.

I’m also open to any advice on what to look for in a solid team.Hello Joseph,You're nearing the home stretch!

I am not sure where you have allocated budget in terms of Painting / Other materials but I feel the budget you’ve allowed is a stretch given the size of the property and I feel you can stay under that and still replace those floors.However best to get a contractor to give it the once over as you discussed to get a quote together, looks like you are on the right track.