It's possible he carries it out, but I believe it unlikely.

Any answers or tips would be greatly appreciated.1) Is it at all possible to obtain 15+ year financing on MHP?

It sounds like a single family house where you will be living in the house(personal use).Therefore, you may not be getting the tax benefits you think you are.Consult an accountant.I am not sure why your sister would agree to this as well, she is losing $170,000 in this transaction and she faces the possibility of you increasing her rent.You also have to charge market rent or close to market rent or it is all deemed personal use.

Are you open to speaking via phone or zoom possibly.

Putting less down may subsequently put you in a break-even scenario or possibly even a negative cash flow.

Although it is possible to do everything 100% remote, most people I know who are self managing do come on site for a few days or weeks to meet and sort of interview the team they are building.You will need trusted cleaners, handymen, and also good recs for trades i.e. roof, plumbing, HVAC, etc.If you need home setup in most markets there are designers who will handle the whole set up for you, and I would want to interview them as well.  

Over time, we have developed systems to handle these situations as effectively as possible.

You can use form 3115 to catch up with any depreciation not previously calculated.If you have a condo, it is possible that there is no land allocation.Furthermore, if there were any assessments made by the Condo Association, you want to factor those in as well.

The key challenge is finding a property that meets your needs today while also offering strong long-term potential, and I’d be happy to guide you in making the best possible investment.

I have been able to take my real estate portfolio to a level in which i really didn't think possible and educate myself on so many things not only in real estate but in creating wealth throughout the power of networking with others that have experience and proven track records in other types of businesses.