Hey Tramon, I'm not a truck driver, but i've worked with investors from all different industries.

Prices are also area specific , if you live in an area with a high cost of living , you will pay more . 

Where is the lot specifically located?

The 'one family' restriction was imposed by local regulations, not by choice.

It serves as a designation for professionals actively involved in the oversight and operation of their rental portfolios.Summary of Requirements:To qualify for Real Estate Professional Status, investors must fulfill two key criteria:50% Rule: Allocate over 50% of all annual personal service hours to real property trades or businesses.750-Hour Threshold: Spend more than 750 hours materially participating in specified real property activities, including rental operations.Navigating these criteria demands meticulous attention to detail and a thorough understanding of IRS regulations.

They add:  Creates many definitions including classes of dwellings, but specifically excludes all hotels, lodging houses, rooming houses, boarding houses, boarding schools, furnished room houses, lodgings, club houses and university and school dormitories.

I wouldn't get too hung up on a specific number or rule about how much of the mortgage you are responsible for after your rental income WHILE LIVING IN THE PROPERTY.

Did you have any specific questions? 

You must analyze all the data (size of properties, # of properties of each size, location of best producers, regulations, # building permits for that size issued in the last year)3.

If so many people are considering it a "don't do" and multiple realtors are calling it illegal then why is it on the HUD and why are there specific portions of IRS regulations around how to do it properly?