It's a decent tool, but as Greg mentioned, I'd definitely plan for a worst case scenario and make sure it cash flows at the highest interest rate juuuust in case. 

I'm finishing up an ADU garage conversion in Downtown Sac and plan to do medium term rental for travel nurses.

You need to make a written plan with him to get this over the finish line, with cost estimates.

also if you plan on purchasing these mobile homes to place on the lots.

We are starting the process of analyzing deals, making a plan and executing on it. 

Where do you plan to find your deals?

If you like help structuring this deal differently to give you more leverage, let me know, I've worked with new investors on game plans and seen others start with 90% LTV on their very first deal.

On the other hand, self-education through books, podcasts, and free resources is cost-effective but requires discipline and a clear plan.

I have been following the Real Estate Investing industry for a while and just recently decided to put my focus into it and implement a plan I had in mind for years.So I went down to Puerto Vallarta I put together a team of local realtors, brokers, contractors, property managers and a lawyer. 

We are planning on purchasing an STR (probably condo) in the Treasure Island area of St Pete.