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

However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates this year).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

While I don’t plan on flipping the house, I intend to use the property for short-term rentals (STR), and based on my research, it seems like it will perform well either as an STR or a long-term rental (LTR).Any ideas on how I can source the financing or recommendations for better lenders would be greatly appreciated!

The first one that comes to mind is do you plan to keep working while building your real estate empire?  

You would need a premium plan. 

https://treas-secure.state.mi....some things to keep in mind:-Non owner occupied properties pay 18 mils more in taxes in Michigan - Even with the SEV you should plan that the SEV will go up.

Connect with The Hard Money Co, Mach1 Lending, MGM Capital or Plan B Homebuyers. 

Unless you are buying at a significant discount, or are hacking it, or have some other value added strategy or plan.

My current plan is to stabilize this rental and aim to buy one property a year. what do you guys think of this deal and strategy?

If your planning on listening to keyboard warriors on here to explain the process, you're gonna get a lot of bad info...some good, but some bad.