Now, this doesn't mean that an FHA loan is the right loan for you - it may not be - but there will be no restriction on it if you inherit the property.Keep in mind that there are only 5 states that allow "Ladybird" types of deed agreements. 

Mind you, that's a very bad scenario.

Bear in mind that you may not always have the data necessary to know the true cap rate of a sale.

All these mobile home park investors imagine if they opened up their minds to truck parking facilities and did all the same utility improvement, higher density for parking than mobile home, didn't have tenants, same on site manager.

So, now they're stuck with a non-appreciating (or even depreciating) property, that only attracts bad tenants, that no PM in their right mind wants to manage.

Do you have a purchase price in mind?  

I have been kicking around the idea of getting my license in New York even though I am not actively looking at real estate in NY or do I really intend to get a job as an agent. 

@Michael Plaks usually passive activity credits too I believe!

In light of your circumstances, take into account the following real estate investing strategies:Fix and Flip, Buy and Hold, and BRRRR (Buy, Rehab, Rent, Refinance, Repeat)Always keep in mind that careful preparation, thorough research, and modifying your approach to suit your risk tolerance and financial objectives are the keys to successful real estate investment.

They have chapters throughout the US, and are very active and have a lot of education and people you can learn from.