The home is a 2000 Doublewide which is in pretty good shape about 40,000 on it do you think it would be feasible for me to do something like this I get 650 per month right now.

I should have about 10-15k saved by the time I want to make a home purchase.I am looking to invest in MA specifically the South Coast (not southshore) area as this is a lot cheaper.Really looking for any advice that anyone has: does my current plan sound feasible, things I should know/look out for?

OB and many other 'old' parts of town have had significant zoning in order to increase densities....While your property may be a SFR it could very feasibly be zoned for multiple units.

Granted, some of the things I'm about to outline may not be very feasible for most:- Bring a giant chunk of capital to their institution whether it be in the form of a business checking account or CD. 

Would this ever be feasible?

This is the first idea that has really stuck with me as exciting and feasible, although still challenging.

Sometimes it feels like the GIGANTIC transfer tax makes holding the only financially feasible option...

The renter is an engineer, so could feasibly withstand the rent raising, but he advised us to go up to $675 to start and get to $800 over a period of a couple of years. 

I'm entertaining the idea of managing it myself, however, I live ~4 hours away and this may not be feasible.

As far as being there in person, it’s something I strive for if it’s local, but if it’s an origination that is taking place 150+ miles away it’s not exactly feasible to be at an open or meet face to face.