So that you "make your money on the purchase". 

Purchase price: $225,000 Cash invested: $55,000 Single-Family mobile home.

I’ve already purchased 1 rental property (a duplex) this year with a conventional mortgage.

have been successful in purchasing BRRRRs and flips.

I'll share a bit more information about us below, just for context. 

I really like multifamily home purchases, but I would like to eventually try at short term rentals.

I’m a recent graduate from community college and currently a senior at George Mason University, majoring in Information Technology with a concentration in cloud computing.

I'm an investor in Columbus OH myself and have purchased rentals that are clean BRRRRs and hit the 1% rule.

Detroit has more to offer though:)Overall, your approach should be strategic and you should be targeting a specific Property Class (A, B, C, D).If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Typically 15 year property can qualify for bonus depreciation.I use the word typically and usually a lot because I highly recommend you speak with your accountant to get specific information about your situation.