@Richard Bautista Out of state Section 8 rentals is a transactional fee collector where everyone eats except for the owner.

Plus, if I want to respect the “don’t put all eggs in one basket” principle, why not buy ten 100K properties across different locations instead of buying one 1M Bay Area property?

But they charge $4000 dollars for any form of mentorship or being a place of resource, which eats into my savings for this endeavor. 

Quote from @Daniel Araque: Thank you Georgy, that paints a much clearer picture for me.Essentially it behooves me to pay off my line of credit as fast as possible because the longer it takes, the more interest I'm paying which in turn eats up my total profit for that single investment.I did the math based off the following numbers. $10k line of credit at 8% , 10 year payback, $121/month payment. $1k personal cash flow after all bills/expenses paid.

Everybody's gotta eat, right?

A couple months of vacancy, a soft rental economy, or a major expense could eat up your equity.

RE is a lot more active and involved, even if you hire a PM and a GC which BTW eats up your returns.

Mobile homes are 'baby chick eggs'. 

Because it sounds to me like you want to have your cake and eat it too.

His mistake was underestimating how much the loan repayment would eat into his cash flow.