In addition, once you've freed up your equity in your current home and invested it in income-producing real estate assets, consider applying for a couple of FHA multi-family property loans (4 units or lease) which have competitive rates and low down-payments (3.75% at the time of writing this). 

Speak to your banking representative and they can give you some additional options.

that way you can figure out what the  upside is in addition to cash flow.good luck!

@AJ Dhillon In addition to what's already been mentioned.

The other thing to keep in mind is to be very careful with the owner staying for six additional months.

In addition, those rentals were with 10 y.fixed, so cashflowed minimally.

Loss of use is foryour additional expenses if you can not live there due to a covered claim (ie.

From google maps pictures (2015) there were 5 additional homes that have been moved or torn down.EXPENSESStick built homes pay for all utilities.Park owner pays for water/sewer of mobile homes.Property taxes $2,000 yearly (166.67/mo.)Water/sewer, Trash, landscape, snow removal, etc monthly average $350There are additional misc expenses roughly $40/mo.Asking price $65k (15 yr mortgage about $400/mo.)Insurance unsure yet.  

Am I miss some additional costs?

However isn't the additional $16,920 I paid can be counted as expense when I purchase the property?