In addition, depending on where you buy the schools could be pretty well rated.  

Additionally, If this ends up in court, I would not want to try to explain to the judge (or anyone else) why I kept 6-months prepaid rent from a victim of domestic violence.  

@Katie Haney I agree with @Brian Ploszay on the point that there will be some additional costs associated with the property at that price point in terms of repairs.

I would advise that you get some additional info:- what type of damage (wind, flood, fire, etc.)- what coverage do they have      is there coverage for flood?

I think state filing and additional partnership docs were about 450$

In retirement, real estate will be pretty much your only available tax write for what I anticipate to be significant income when you combine ss plus your 401k and other investment streams etc.I look at my businesses as additional cash flow that help to accelerate my rei and do not count on that cash whatsoever to live.

There are a lot of things you can invest in relative to real estate and get a good returns with additional appreciation. 

The mobile home owner pays an additional $200 per month in rent to keep it and live on the property.

In addition, since your partner is a real estate agent you can put the agency banner head and his photo on the letter showing that he is a real estate agent.

I am currently transitioning from being a law enforcement supervisor (where I have been for 5 years), to running my own interior design and staging company in Seattle with additional interest in rehab project management for investors/flippers.