I have bought a townhome in Vineyard, UT that I will be househacking by renting out the additional bedrooms. 

I'm thinking of establishing a Checkbook IRA / IRA LLC to make both real estate and non real estate investments.

Also I have seen here in Oregon when out of state lenders come in with no license they end up making interest free loans as well if the borrower catch's on that they are not state licensed.. does not matter on a 1 to 4.. any loan in this state needs a license if you hold yourself out as a lender.. there is the 3 a year rule for local citizens in their IRAs that do not hold themselves out as lenders.And also not quite the same but on the same line as Treble damages.. if you cut timber off of your neighbors property in Oregon by accident yo can be sued for Triple stumpage..

I'm open to it all, and would love additional opinionThanks,Ryan

Last year we bought a property with three mobile homes on it and this year we just bought another property with 3 different lots but only one mobile home on it that we plan to fix up and put an additional two MH's on it.

We are contemplating on installing a new electric boxHere is what we are wanting to do.Add a hallway (will require moving a non load bearing wall.)Add a powder room about 3 feet from existing bathroom with medium grade finishingUpdate 2 small bathrooms with medium grade finishingAdd additional toilet in master bath and move plumbing for shower and existing toilet about 3 feet. 

For units, FHA is really good, but Freddie Mac's Home Possible is really good as well if you can come up with the additional 1.5% down. 

In addition to what Ned said, I recommend walking the potential renter to their car and seeing what kind of condition it's in.

Not sure if 200k is in ballpark for remodel with second floor addition. 

And I haven't been creative enough in creating additional funding.If you're sure of your numbers and competency, and if you can create additional lanes of funding, I say go for it.