MHP is a mature space with many proven operators.

With running this "business" there will be operational input costs.

It would be ideal to chat with investors operating in the Midwest, but I welcome anyone's perspective on BRRRing from a considerable distance (plane flight away).Thanks!

In my experience many unlicensed wholesalers operate in a grey area and often cross over into what is obviously brokering real estate without a license. 

Quote from @Nicole Heasley Beitenman: I'm coming up on my first year of operating an MTR.

And all those skills you going to have to learn and master in UK to get a property under control, operate it, market it, monetize, operate etc., ALL 100% translates to anything and everything you will do when back in US. 

. $40k a year for not doing much is a great investment on $40k unless you are putting in a ton of work into the property.Who operates the property?

Are you going to live there also, or do you want to operate a shared housing model in a single-family home with tenants?

Your Schedule C at the top will typically list both of you since you are filing a joint return.

Head over to bank rate or and take a look at the mortgage calculators, plug in the numbers and get an idea of what the property needs to generate to satisfy the intended debt.You still have to underwrite the deal for the non-finance expenses as well(typically 40-50% of the gross rents).