If you can establish a team you trust in a market perhaps the team is more important than the market itself.  

You can make it your primary and save on the down payment and closing cost.

Even in the worst areas cash tenants are IMO worse than HUD tenants.Restrictions of Section 8 Tenants There are unlimited, everywhere.Don’t Receive Voucher Payment Until Tenant Moves In SO?

Keep in mind they will use 75% of the monthly rental amount to offset the mortgage payment (i.e. the fair market rent is $2000/mo, the lender will be able to use $1500/mo as income to offset whatever your mortgage payment comes out to).DSCR options are great if you CANT qualify for Conventional loans.

In option 2, would it be best to set up an LLC or trust and sell to myself in that manner?

I know they can be financed just like a stick built construction loan, however, my credit union is not doing construction loans right now and does not have a time frame for when they will (SECU).I want to use the land as down payment if possible and finance the modular and the site prep for it.Looking at getting a new modular duplex or a SFH. 

They got it fully leased up and everything has been running smoothly with $2k net income after expenses and mortgage per mo. on a property I put $180k into (rehab + down payment), so I'm very happy with the resolution.

For example if you borrow 300k at 9.99 with IO payments, your monthly payment would be 2497.50. 

Having no contacts in the area, I relied on my agent, who is investor friendly, he gave me a couple of contacts that he trusted.  

I currently have a tenant in a home I am managing, I have been using Avail and as of recent I don't like the platform, I have noticed that my tenant like to edit the payment after the due date and that makes the collection date longer (Avail takes a whole week or more to get the rent in).