With $50k down and a 7% rate, the payment would be around $3300.In the Denver area, you can get $800-$1000/room.

You can finance manufactured homes with a DSCR loan. the max LTV is 65% for both purchase and refinance.

But a really good property, for what you can afford, in a good location like Charleston and wait. 

Since we are two people, we can manage the negative cash flow together.

I would recommend that regardless of market you decide to invest in that you find a fellow investor/realtor that can help you purchase in the neighborhoods that make for ideal long term rentals.

You can list the property as a "net listing" and take the difference over what the seller is willing to sell for that way. 

Hopefully someone with tax accounting knowledge can jump in here with more detailed analysis, but I looked at this a bit several years ago...1) You still have to pay the depreciation recapture on the sale decreasing the net benefit of this approach due to the large tax payment in the 'sale' year2) The LLC would need to not be a passthrough entity so that it can be taxed separately from you, so you have to add another tax return cost for the years going ahead3) Taxing it separately from you likely means corporate status and corp. taxation rates which are higher than yours and I've heard many times over the years to avoid titling real property as a corp...Overall from what I've seen this only makes sense in a select few scenarios, which for most people aren't in play. 

Mobile homes can depreciate in value over time (unlike land, which generally appreciates), so you’ll want to weigh the long-term returns.

It helps readers a lot by providing context, and those of us who have some time in the market can look back into our histories and give you some advice. 

What are folks doing to find deals, and find out if a property can cash flow?