I still think this might work, but I will need to look at it from a few different angles.I like the idea of mobile homes because it's a lower cost way to get started.

Different lenders have different guidelines.More on how DSCR loans work:DSCR loans won't use your income to underwrite the loan. 

If you’re serious about this endeavor put your current home on Zillow to rent with an occupancy in 90 days before you sign a PA for the next house.There are other lending products that are not as strict but the terms are different.

You'd need to come up with the seller's equity (the difference between the loan balance and the sales price). 

And probably have stopped raising money in that particular fund and then started a new company and a new money raise for something different but nothing to do with the one your in..

There are many I'm a part of like "STR Homes for Sale" and "Florida Off Market Real Estate" (I'm sure they have groups for different states) that offer a great array of off market and listed deals.

Thank you76542 is going to be the best zip code to be in. 76543 you are going to want to tread carefully and be sure to check the specific neighborhood and street you are looking at. 76549 has 2 divisions that are very different.

State's differ quite a bit not just with their laws but with how certain aspects of a sale are customarily handled.

I do partnerships many different ways, some I split the equity on the sale; I'll bring the deal, and partner with the person investing because I brought the deal to them. 20/80, 10/90, 40/50, etc..

I've never heard the 25% thing before, but any difference between FMV and sales price would technically be considered a "gift" with potential tax implications for your parents.You can avoid most seller costs as there's no reason to use agents in this case.As an FYI: I always recommend avoiding a FHA loan, if you qualify for a low-down payment conventional loan.