@Shelby Ek Do you need to activate the utilities in order to qualify for the loan you are getting?

Then there are the challenges with Section 8 tenants paying utilities and taking care of their rental property.

Charge Rent - $1,699.00 ($612.40) 4/28/2020 Unpaid Invoice Fee RODGERS-- JWB Property Management Journal Entry Unpaid Invoice Fee - Unpaid Invoice Fee ($22.29) ($2,311.40) 4/26/2020 ACH ORAM-2910BROUGHAM- JEA Bill Utilities-02/19/20 - 03/11/20 ($31.49) ($2,289.11) 4/25/2020 Check 4.25.20ALL ORAM-2910BROUGHAM- JWB Property Mgmt Bill Management Fees- ($115.10) ($2,257.62) 4/21/2020 ACH ORAM-2910BROUGHAM- BVD Septic LLC.

Thanks The income approach is generally utilized for 5+ units.  

Land is valuable as I could purchase a new mobile home and install and less costs since utilities are already on the land. 

Make sure the units are fully furnished with all the basics, and consider including utilities, Wi-Fi, and flexible leases to make them more appealing.

I know I need to get a credit card and keep my utilization ratio low, but I wouldn't know much about the process of actually receiving a conventional loan from a bank or any type of loan.

At least in my area, it's cheaper to own a condo with the HOA dues than it is to pay for all the utilities, snow removal, waste management, maintenance, etc, that goes along with an SFR.

You say things like "It was understood that I would continue to utilize the garage and one room for storage as I transitioned to living out of state."

Shared laundry meant a fifth utility meter and high water costs that I paid.