Hi Harrison and Alexander,I work as a realtor here in Calgary and have helped a number of bigger pockets investors.

Your income isn't high enough for it to make sense as a rental and the closer you get to your residence limit the greater pressure you will have to sell it before losing your exclusion in whole or part. 500k right now can make $15k per year income with zero maintenance or tenant risks. 

Metro Atlanta, generally speaking, respective markets 30 to 45 minutes from the City, will be tight on cash flow unless you implement a creative investment strategy, such as short-term rentals, medium-term rentals, or rent-by-the-room properties, or allocate at least 30% to 35% towards your downpayment if you intend to hold the property as a long-term rental. 

That’s your primary job as a landlord.

Let’s say you own 1/2 of the $700k property as a TIC and can do a 1031 easily.

It was purchased from MLS as a long term buy and hold rental.

I'm a digital nomad who purchased a 4plex in Carson City, NV a couple of years ago as a buy & hold.

However, I am unfamiliar with any lenders having traditional mortgage options for anything with a VIN number such as a trailer.

If you make decent income the deferred income can be substancial but you have to do something with those funds; As a part time real estate investor that's where the SDIRA comes in handy.  

Because of that I decided to exit the market as a co-host.