It seems like you just really wanted this property so you let your emotions drive your offer.

Upon inspection the appraiser will see the crawl space and see it was a mobile home plus a HUD tag and public record.One of the requirements in mobile home financing is the property "Must" be on a concrete permanent foundation(in order to be real property) on top of that it requires concrete pillars, skirting and the "Well and Septic" dug and placed within legal distance from subject property.

@Damien Davis - I bought most of my properties when I had a W2 job. 

Note - if you live in your property for 2 years out of the last 5, then you don’t pay taxes on the profit. 

With that bank taking on the loans of all of our rental properties we decided that we were comfortable switching to that bank. 

Also would need to know if the property would be owner occupied or an investment property. 

For the second property, I would expect to have to put money into it in some fashion.

I've got a property under contractPurchase price $78K out the door (I have cash to close) Intent: build on the property which already has a functioning well, septic, and needs PGE installed Total buildout on the property utilities: $128K including the original land purchase price.

For scaling your portfolio, consider house hacking another multi-family property to minimize living expenses while building equity.

I can provide support of checking in on contractors, staging rental properties, walk potential leads to give you an idea of the property in person or what the area is like, meeting with agents, and drafting scope of work for projects.