If investing for cash flow, multifamily properties tend to produce much greater cash flow and cushion.

@Lina Bibikov I'm sure you'll get lots of advice here, but I've never been a fan of assigning debt to a property just to buy more property with more debt...easy to get over leveraged and kill your DTI...limit any more loans for some time unless you have healthy cash reserves or take on OPM...There is more too this...and as a side point, I think most of us would need to know more about the deal to offer an informed response.

They made us have our RE license so everybody is properly trained and qualify to address investors and sellers, (even though you really don't need the license to wholesale) .I Was able to almost triple my income in the first year and along with the knowledge I have gained and now on my now second-year, I'm projecting to already 5x this one also on track to get my first income-producing prop. and in the process of moving from my own house and renting my current as well,  PLus all great connection and valuable feedback when people see you are an asset in this industry you get multiple requests to partner So, possibilities open up. 

The biggest hustlers and top producers were always the ones with no degree. 

Turnkey means you are buying a property that is already producing income. 

When a decent mobile home comes on the market (usually around $25,000 - $35,000) people are chomping at the bit to purchase.Cities are killing off mobile home parks because they don't produce much in sales tax, are generally unsightly, and have high potential of turning into a haven for criminals.

Reduction in sale price does not improve cash flow as much as the  improvements to the property will produce in rental income. 

This is a long play, don't be worried to go slow especially when you're putting such a large percentage of your wealth into one asset.all that said, asking "how can I make this work" will eventually produce a positive result.

The trees are healthy (so not a hazard), but they completely obstruct the sight lines from the street to the front door.

And even if you're buying that property with 300k for cash, no renovation could raise the value enough to produce enough additional equity to take out at refinance.