@Michael Beirne Lower priced markets such as Baltimore are very difficult to operate in utilizing entirely 3rd party support.

I got into RE investing utilizing the same strategy as you're exploring.

Utilize financial analysis and market research to make informed investment decisions.

Utilizing empty lot space in this way helps to combat the increasing housing prices and limited supply many markets have been experiencing.

We have a few parks and we utilize both options.

From what I can tell, the extra equity on the house could be utilized to provide better ROI.  

BUT, get a solid quote on utilities.

@Trevor McCormick to piggyback off what others have said, determine if you are trying to maximize it as an investment or utilize it as a vacation home you will STR to help cover expenses, as this could dictate which type of property you are looking for. 

This protects against potential claims and liabilities specific to the rental.For tax purposes, maintain clear records of rental-related income and expenses, allowing deductions for insurance, utilities, maintenance, and depreciation proportionate to the rental unit.

For further context, we are trying to have him be the name on the loan because he would be able to utilize his first time home buyer loan to take advantage of the lowered offered interest rate.