If the rent barley covers the mortgage, then you technically are loosing money when you factor in insurance/taxes/ repairs & maintenance.

The number of bedrooms is the biggest factor.

Request from the seller their Profit & Loss Statement from the last 12 months and the rent roll.Then, you can see the current income/expenses to know what current profit it makes.Then, you need to look at what the cap rates are in the area based on comp propertiesOnce you find that out, Take the profit/net operating income and divide it by the cap rate.So say it makes $20,000 profit and the cap rates in the area are 6%$20,000 / 6%  = $333k (value of building and your offer price)There are a few more factors but that should provide you with enough info on how to find the value of the building

Single-family homes are generally more affordable and due to the higher demand and focus, they tend to appreciate more than MFHs.The valuation of single-family properties focuses more on supply and demand factors while MFHs are valued based on the rental income and the conditions of the property itself.

That will def need to be factored in to my plan.

Factor how many properties a year you will purchase and or sell, factor that in to the costs and time of being licensed.

I work as a data analyst here in Charlotte, 7am to 4pm and it is a good job but I know for a fact that I’m not going to be doing this forever as I want to have financial independence.

That being said, there are several other niche factors in operations and valuation for multifamily vs MHP, but MHP have less supply in solid markets which is makes the ability to scale much more difficult. 

Same with credit, if minimum is 680 and you have 679 it's a no go.The good news is the private money isn't a forever thing.

What other key factors should I look into?