-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

This would further support the recommendation to negotiate a step-down mortgage structure, such as tiered payments or interest rates, to reconcile the seller's valuation expectations with the practical realities of the park’s financial performance and provide a feasible acquisition pathway.

However, with a SFH you will lower your standards when vacancy arises more than one month as you have no income coming in to male that payment.  

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

For example, for a business owner; they have no practical way to 1031 exchange.

If it's a standard step down, you may take a big hit on points.

Now the tricky part is creating your underwriting standards and system.

Did you use standard offer contract for your jurisdiction? 

The new standards are yet to shake out I think and it probably does cause some indigestion for investors and agents both. 

Basically if you are selling/buying a house that has been retrospectively licenced then that part for private use is ok, however if officially and practically if you wish to rent the place out on LTR or STR you are not allowed to ever use this space as part of your rental.