Are you looking for a Single family residence (SFR) rental or a multi-family?

Either way, FNMA does not lend on multi-unit manufactured homes. 

The home is so old there is no central air system... furnace would be new, duct work new...

I will provide the marketing, screening leads, and creating the systems to follow up on the leads over time.

My focus as of right now will be buy & hold on small multi-family properties.

Build relationships with them and see how they have built their systems and processes for doing what they do.

I really want to house-hack with a multi-family property, but I want to know if I’m wasting my time even considering it given the local market.

I went to ASU and also invest myself in multi family and know a lot about the Tempe/ASU SFR market.

Then you can use the money as a down payment on a property; factor 20% for a SFR and 25% down for a multi family (duplex and more)I had $50k in a SDIRA, but found that the hassles of working with lenders in an account like that just wasn't worth it; I rolled it into my current 401k and took a loan against it.But with the amounts you're talking about, you might just be better off taking the hit now but freeing up the capital to work unencumbered with the limitations found in a SDIRA.Just a thought.

Is owner-financing preferable to FHA financing a small multi?