So while every market is different and $4500/mo in rent is nice, are you spending a lot of money to have a less valuable property, versus spending that same $400k (or less) to do a nice renovation and keep it single family home and sell it or rent it out as a nice single family? 

Did the entire job ourselves because we had to in order to have a home to live in.

My first Detroit rental was a S8 occupied home in 2019.

We purchased the home on 08/08/2021 for $200,000, invested $5,000 in renovations, and sold it for $251,000 on 06/06/2022.

They may be thinking about the qualified vs nonqualified use of the home and either taxing the entire gain or a portion of it.

I am looking at an opportunity in my local area where there is a multiple unit mobile home park for sale.

Well, excluding the single family home that I am planning to rent out in NC in the next week which started as my primary home, this truly is my first multifamily home purchase with an intent to invest.Now, to answer your question, is it wise?

Any tips or insights would be awesome!

I went to look at a 3 family home yesterday.

., and that has started to add up, so it's now or never.Three of the homes are 2 bed, 1 bath, appx 1000 sq ft.