I cross collateralized the equity in another deal to purchase these properties.

You can't pledge your equity as additional collateral, you're not in title but a seller could.There are also issues with agreeing to any deed in lieu of foreclosure, I'll post a link later.In some cases, either the buyer or seller can create other liens on the property, like a tax lien, these can usually be worked out at a sale or refi, depending on who is on the hook for what and why, but it's another PITA to deal with.If the seller is ever in need of cash, a note is more marketable than any CFD, the seller can get a much better price.

For Refi 65% as-is appraised value , 50% cash-outPurchase: 80% of purchase price or 65% of as-is appraised value$15,000 minimumMaximum bring dealtypically 3-24 month loan length, but can extend if neededcross-collateralization allowed

I was considering up to 70k, but considering the collateral (a mobile home), I am extraordinarily hesitant to pay such a premium.

You can get a private loan to buy a note, but you can't simply apply for a bank loan like you can with real estate as the collateral.

Consider some alternative financing until you have a small portfolio of properties that are cash flowing, then go to a lender and get one loan collateralized by multiple properties.  

Hi, I have four properties in the San Antonio area, and I would like to buy a 5th using my portfolio as collateral.

@Sho Asod Lenders do not know or care if their collateral is conveyed to an entity. 

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If it’s other REI and you have a favorable LTV % it has to be with the same lender so they can cross collateralize.