For me, I'd rather have fewer doors owned outright that allow me to achieve my personal financial goals than having a large number of doors fully leveraged with less cash flow per door.

At the time there were limited 3 BR rentals in the neighborhood, but achieved such high rental rates the properties ended up performing better as rentals than as a for sale project.

There are multiple strategies that you can use on mobile homes to achieve your real estate investing goals. 

What will you do differently to achieve that goal?

However if I do a BRRRR I can achieve infinite return by extracting all of my investment.

I get more than 2x rent for each unit. I

Congrats on buying your first investment property—that’s a big achievement!

Renovation costs would need to be financed separately.Private Lending or Hard Money: Use a private or hard money loan to acquire and rehab the property, then refinance into a joint long-term loan.Seller Financing: Negotiate terms directly with the seller for a flexible financing arrangement.Final ThoughtsUsing an FHA 203(k) loan for your first property is a smart move, and with the right partnership agreement, you can still achieve your 50/50 goals.

First, it is necessary to achieve favorable financing terms and  secondly, I do believe cash flow should carry most rental properties with limited exceptions.

What are your investment goals and can you achieve the same results with other asset class?