It’s smart that you’re looking into multifamily options, it can really help offset your living expenses while building long-term wealth.When analyzing deals, some key things to focus on are rental comps, vacancy rates, and property management costs.

If your house is old, value is low. 

Option 3- If they have qualified for FHA; counter the offer to see if they can qualify for low downpayment conventional loan

I’ve learned that it is a very expensive ordeal but having a good lease helps remove the tenants faster.

The checking account can act as the home for the funds until you deploy the money into and investment, then all expenses and returns flow from and into that checking account that you control. 

Little background behind the door: It's a MDF cheap one you buy at HD or Lowes. 

But any improvements are at your risk.. the redeeming party just owes you your cash plus in our state 9% and any VERIFIABLE expenses you paid to protect the asset.

I bought the land outright but financing the mobile at the time was difficult and expensive. 

In fact, most just print new shares to get billions to invest when stock price is high and buy the shares back when price is low.

Rent and refi won't really work, rents are kind of low in that neighborhood.Best would be if I had a crystal ball to make decisions, but as mine isn't working, I'll take your advise on how to decide these things.TIA!