go to the courthouse steps and attend a few auctions.

I have the same idea as you and I think thats the best, most reasonable way.

Most of the time, it should take 30 days or less if the property is properly renovated, marketed and priced.

Quote from @Jay Jones: I have a HELOC on my primary residence but was told by the bank I have it with that they can’t give me a HELOC on my Quadplex because it’s a multi family rental (they could pass a single family rental off as a a vacation home.  

I’ve been using IRR to evaluate my deals, but I wasn’t entirely sure if that was the best approach.

Mobile homes can be great flips if you understand the demand in your market.. but a couple of things jump out.

I am working with some NJ clients on turnkey investments in the Midwest/midsouth markets currently.

A "kiddie condo" is the concept of buying a residential property with "owner occupied" rate financing made possible by having an adult child living in it, if only while they're in college or single.

It's in the ballpark of 71%.

I truly believe the first rental property is the most important, less so financially, but most importantly to get you in the investor mindset and make it real!