Now that I am in position, I would like to place a mobile home to generate some passive income, but I don't want to use my savings for the down payment.

Things can and will go bad, but once there is enough monthly cash flow generated it will be extremely difficult for that one big issue to put us away or even 2-3 big issues all at once. 

Hello, I am new to real estate and looking to get into it and out of renting and starting to work on building that generational wealth.

Does Go High Level have a built-in AI text generator?

Tax benefits should be considered but not be the sole factor.The 'main benefit' from a tax perspective should be to generate a high return from your real estate investments and not to pay taxes on the return that you get.If you are able to reduce your taxable income, that should be icing on the cake.

Additionally, confirm the transfer won’t lead to property reassessment, which could increase taxes.

Employment Growth Outpacing Housing SupplyBuffalo leads the nation in the ratio of new jobs to new homes permitted.

A $500k property should produce gross annual income of +/- $50K but can generate as much as $65-70k with the right location and amenities like a hot tub.

You can learn to do this independently or get a rockstar REALTOR to lead the way.

They will have additional costs for mailing & online campaigns to get leads.