If the market rents do not cover the mortgage, you may do a no ratio DSCR for a higher rate/reduced LTV  Which most likely the 1007 will be nowhere near the revenue generated by a PadSplit operation.

For active investments I advocate considering how you can diversify WITHOUT ceding your competitive advantage nor the superior profitability of the niche your in.As an example my business is running an investment fund and syndication high interest commercial mortgage loans secured by income producing real estate. 

They are designed particularly with mother-in-law or next generational living in mind.

Don't split the work between multiple contractors if possible, finding one to do all or most of the work will keep prices down.Challenges were finding replacement pieces for certain items as manufactured homes were very different than stick built as well as going through state guidelines for affixing the house to the land Hey @David Jesperson, welcome to the BP Forum and congrats on completing your first solo deal AND making a nice profit!

They tend to cost more to construct then they add in value, they are generally more valuable for a property you are holding as a way to generate more income.

From what it looks like builder does not want to take a loss and what to negotiate sale where they do not take a loss even profit, since they are selling improved lots. 

Even getting out with a small profit will add to your return as long as you don't lose it all in taxes.

In recruiting, it's called running a 'full-desk', when you generate your own clients, and then place candidates directly in them. 

With 4 rentable rooms (including the basement), I expect to generate $3,600/month with full occupancy.

Sharing leases, profit and loss sure but no inspection.