I'd be happy to meet you over there and give you my opinion if the foundation work and remodeling is worth the expense.

Not the cheapest 25% or the most expensive 25% but I’m the middle, where people want to and can afford to live. 

we can do it not rented but rate will be significantly higher. easier and more cost effective to rent it. unless the bridge money needs to be paid back asap or you need the funds back to buy more, then a cost analysis needs to be done. personally id get it rented at market rent or a touch below if time is a factor. 

Most hosts in Chicago just pocket the full funds from direct booking, you would be in the very very small majority if actually paid city taxes on it.

So when you see that less expensive price tag on a manufactured home (in comparison to a similarly sized- and priced stick built home) please remember that your monthly payment might be more expensive.

Houston has its expensive areas but pretty affordable overall. $500K gets you a 1969 split foyer in a decent neighborhood in my area .

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Since you already own the land, you’re saving on a significant expense that often makes mobile home rentals so attractive.

Quote from @Jenny Yu: Hi @Jeff Riber too late I paid these unethical jerks. 

The mother of a client of mine didn't want the land anymore and so I paid her what other acquisition companies wanted to buy it for.