Even though your handyman may seem reliable and hard-working now, the second that work is done incorrectly, all liability falls on you.

It seems like I keep running into a dead end with this question.

The CPA's above seem to have answered your question comprehensively, and just to summarize, you don't necessarily have you wait 5 full years, just fulfill 2 years of primary occupancy *within* the last 5 years. 

I did some research trying to find a good detailed lease template to have my tenants sign but none seem to be specific and exhaustive in terms of covering any and everything that comes with the type of tenants that one finds in these type of neighborhoods.

However, it seems to simply attempt to provide the revenue side of the equation. 

Driving around it really seems like it's street to street.

Definitely a question for a lender however this seems like a good option given your capital situation. 

I like mobile homes and people seems to like it too, or maybe cause one of my mobile home is by the lake, and the other one is in a Nice neighborhood and a very good school district.                                                          

That seems a bit odd.

Today’s economic news…heck…economic news for the last several months seem to continually be “worse than expected”.