Rentometer has been completely wrong in terms of rents for my area. 

We had extensive back and forth negotiation with the seller on repairs/a seller credit.

Short term looks good to pay it off, but a look at the long term tells me…leave it in 401(k)!

Option 2: Private LoanIn this option, a promissory note is written for my partner to loan me the down payment amount (20%/$46K) for a 2-5 year term at a 10% interest rate (details are still up for negotiation - are these terms reasonable for this kind of deal?).

@Bill Gulley I like the way you think......The only snag is getting a seller to agree to this original contract term.  

Property Managers that are a member of NARPM receive extensive training and guidance.

I would like to retain this house and turn it into a mid-term or long-term furnished rental.I would like to move out of that house and into a bigger primary residence which would likely be a $750-850k purchase price.

And with a lack of five-star communities, there's a major focus on the primary MHC market, which is much more stable in terms of occupancy and cap rates compared to traditional multifamily properties.Well, there you have it – the manufactured housing community sector is a hot ticket, with demand growing, rents on the rise, and occupancy rates staying solid.

I imagine all of these units are going to require pretty extensive remodeling.

"Pre-foreclosure" is a term that is misunderstood often...it indicates that "lis pendens or notice of default is filed (consider it a lawsuit) until the property is sold."