But then you add to that a component of a conversion of investment to primary to further shelter huge depreciation losses!  

But, let's define "a mentor". 

It's like Supreme Court Justice Potter Stewart defined pornography: "I know it when I see it." 

In addition to financial metrics, define the characteristics of the property.

For as long as I can remember, there have been issues with shifty tenants failing to pay rent, random components of the homes breaking on a regular basis, which is accompanied by a sense of unease.There is also the undeniable truth that mobile homes quickly depreciate, offsetting any positive cashflow over the course of the home's lifespan, when in another 15 years I have to purchase another mobile home to replace the decrepit replacement.

I think the comparison to short term versus long term capital gains is valid in the context of how the IRS defines an investment.

My state defines a boat as a "vessel" not a vehicle (vehicles are defined as land conveyance).

What is critically important is defining the fund and the setup as that will also dictate a lot of the other questions.2.

only define as quick as you can if you gonna hold it in a vehicle or under your name to avoid transferring later.

On that note, valuing land is not very straight forward. unlike houses, which generally have the same components, land can vary greatly.