In the past couple weeks I’ve spoken with over 30+ banks, not exaggerating, and I was unsuccessful in refinancing a manufactured home I bought & rehabbed a couple of months ago - asking many Nationwide Banks, Local Banks & Credit - a few will, but only if its a Primary or Vacation Home (LESSON LEARNED!!!)

I would probably leverage it with a line of credit while you have it, most will look at your liquidity and net worth as well as credit score and experience.

Probably not, you'd probably only consider this because you had bad credit or low income or something that prevents you from living in a safer place.I bet the turnkey provider has rents too high for the area as well...Can you make money on this type of asset...sure but not by paying 70k for it.

I tried to open my first business checking account today for my new LLC at a credit union. 

It's possible to get credit on your LLC, though.

ThanksEstimate on Monthly Finances4 units leased at $2600 ( $650Each)Monthly  Income $2200.00Total of $4,800 Credit Score 747

Either way, if you decide to put in an offer, be prepared for a long process, as the only thing that is short about a short sale is the name.

We’re both in college, and while we both have respectable jobs (by college standards) and strong credit, we’re aware that it’ll be very difficult to find hard money loans in our position.

They will look at your credit score, experience and liquidity.

Once you pay down mortgage, you can't get it back out until you sell the house (or pull out a line of credit).