The digital age has allowed me to explore new markets, manage properties from afar, and capitalize on undervalued opportunities in the Midwest that might have otherwise been overlooked.

He is handy and would handle most maintenance.What I can't figure out is: 1) how to set up the seller financing w/ the rent component. 2) whether to purchase as investment property or as second home and 3) deal directly with my father thru an real estate attorney and 4) considering his age, whether to set up a balloon payment a few years down the road for his benefit.

Wyatt, congrats on starting out at your age, alot of us did not start unit after 30.

I compared other properties in terms of age, sq ft, acres, beds, baths, basement, garage and a subjective measure of interior condition.I have a huge problem with the automated comps (Zillow, RPR, etc) because they could not account for the interior condition. 

It is also a good time for them to update their portfolio for age. 

the 50% rule doesn't know roof age, individual market dynamics, anything about utilities, etc. 

And don't let cash flow be the end all be all, if you have people living with you, your expenses and mortgage is significantly reduced that you pay and you'll be saving money, learning to be a landlord for the future, and building equity all at a young age! 

However, after learning about house hacking, I tell every high school/college aged person I meet or know to do this because of how great it is!  

I haven’t hit any lender hesitations yet, but I’m aware that mobile homes can have quirks depending on the age and foundation.

I could spew more details, but it would help to know more about your age.