It's also worth speaking with a local real estate agent to identify the best neighborhoods for rental income potential.

I mean myself and any bank would need more details, but if you utilize that large sum as a downpayment and have a small mortgage, wouldn't you easily qualify for the debt to income?

Not enough income for lenders compared to what else is out there for themThe biggest thing is the lot but other factors like the actual manufactured unit being quality and up to code helps a lot. 

List your property on corporate rental sites like Blueground, Zeus Living, and Furnished Finder to attract high-income tenants. 

Listing them as an “Additional Insured” rather than just an “Additional Interest” will also safeguard both parties.For the LTR unit, your landlord policy should include property damage, at least $500K in liability, and loss of rental income.

Leverage your W-2 income for better loan terms, explore private/hard money for off-market deals, and network with investors to expand your deal flow.Good luck!

'I came to the area about 1 year ago and certainly the growth, the incomes, the diversity, all the good stuff was apparent.

If you do it all above board, you would pay taxes on the rental income received and your daughter would be using post-tax dollars to pay rent which isn't the most efficient.

We also looked at it as a place to escape America if we ever needed to and if our jobs went sour, we still had income coming in.

Is this section 8-(or some kind of fixed income program) these units seem very low priced?