On the surface it would seem like a lighter lift to convert it into dorm style housing.

I have learned a ton about the different construction styles thru the eras and what problems they will have.

Until two months ago we were pursuing early mortgage payoff Dave Ramsey-style on our primary residence.

That neighborhood was a value oriented neighborhood where better design does not achieve a premium.  

.)- The product and what the market wants (Style, appliances, security, rent price, etc.)- What is a "good deal" in your market (Each market is different, so you should practice doing an analysis on all types of homes to see what is a common denominator and go above that)Basically always be LEARNING!

I will look into the Home Style loan for the future.

Leisure Village West is a gated community, mostly attached townhouse style units (quads, doubles, etc.)I would stay away from the MHPs unless your'e buying the whole park lol.

Research the pros and cons of each and decide what fits best into your investment style - what you believe is the best opportunity.

Large single family homes have gone out of style - often called as McMansions, built in the 80s - 90s: 5,000 SF trimmed out in golden oak...

@Brendan Murphy  FHA 203k , Fannie Mae Home Style and Freddie Mac Choice are the best options.