I am simply pre-planning should I have a tenant move out in the future after their lease expires and they don't want to renew.

recognize there are various risks, not just financial risks.Good luckFor future readers/lurkers: "Also some people have no comprehension of the work and skill involved in executing a good value add and the compensation I expect for executing one."

It’s in a GREAT area and in the future we do have plans for that, but we have an elder family member living there.

**Future plans**: After a few years, we aim to put a down payment on a piece of land and move the mobile home there.Our goals are to build equity in our current house while working towards owning a nice piece of land and maybe eventually building a nice house on it.

I am putting this together just in case there is also someone who is as crazy as myself on BiggerPockets who has taken the leap or will take the leap in the future to see later down the line.

Keep networking and building your local presence—it’ll pay off in the future.

It could be in the near future. 

If you wanted the REP designation in the future, you can have your signficant other qualify and that would allow you to qualify (e.g. a stay at home wife) or you can take a consulting role resulting in the real estate being your full time gig.

Im a young person striving to invest and I got curious about the character of my future wife.

Pay for performance.  1st one is always at full price, if you want to discount a bit on future deals is your decision depending perhaps on the volume and the amount of work required.