A problem would be if she opposed it & refused to let you get started because she was too scared, or she wouldn't go for it because she has a spending problem and wants all excess cash for immediate consumption rather than investing. 

There are a number of areas that could be "up and coming," but the specifics will depend on your appetite for risk. 

You take the 245,000 and pay off the old loan of 150,000. so 245,000 - 150,000 = 95,000.You take that excess 95,000 and put it towards your next down payment on a new property.And even with that new loan of 245,000 you still cash flow from the rents. 

Can this be rolled over for multiple years if the cost of rehab is in excess of the rent?

Might also be wise to target the younger generation before they get too far into a career or college path.Household income must be 3 times the “Monthly Operation Payment”.Create unique opportunities to create income from excess space in a property (vacation/air bnb, temp housing for travel nurse, students, etc.)Residents may choose to use roommates to meet this requirement.Pet owners buy all the flooring instead of a pet deposit.

But I want to do something with my excess funds and real estate seems to make sense. 

That excessive demand aggravates inflation.

The ones above it dont cash flow with excess expenses and are not scalable as profitable pm is not truly obtainable. 

In a case where a building is mortgaged for $200,000 and the interest is 6 percent, if that interest rate were lowered to 5 percent and some of the excessive commissions charged for renewals every three years on these loans were eliminated, you would have a saving in interest charges and commissions of $2,500 on that loan.

We used a regional bank that has a fantastic appetite for MHP.