Some day, you or someone close to you will lay dying in hospice.

The repairs were things like laying flooring to cover subfloor, replacing thermostat, patching a piece of drywall, painting 3 fascia boards, and a very small roof leak from a nail hole....very minimal work.

So as brutal truths you like to lay out may not be received well by all.. they are brutal truths. and no question of my 20 years dealing with mid west C and low B it is a savage business like you say.. that could be a tad strong but it certainly can be..

. $100K, down to studs and re-laying out floor plans.

My initial reaction is if you are paying your tenant's electric bill, I think your money would be better spent on a new electrical meter/panel and separating the utilities so the tenant can pay their own electric bill.It's somewhat rare for a landlord to pay the tenant's electric bill (sure it happens, but in my market it's not the norm), so electric bills are usually a net zero for the landlord.So why lay out the CAPEX for an improvement that really only benefits the tenant, and may come with expensive maintenance and repair issues later on?

It should lay out what you will do if rent is late. 

The master bath was recently remodeled (2017) with new paint, tile, vanity, and frame-less glass shower.

You mentioned MH dealers, craigslist maybe a mh wholesaler like a car dealer that may have a few of them laying around. 

Hello @Jessyca Jones I would suggest no and low money down - Brandon Turner ( this book will give you some insight on how to invest in RE multiple ways using CREATIVITY instead of CASH) and managing rental properties- Brandon turner this book is by far my favorite because he literally goes through every trial tribulations you will endure and lays out what it means to be a landlord.

The profit split is whatever you work out with your partner/investor and will largely depend on how much work you're doing for your portion, how much cash the investor is laying out, how good the deal is, etc. 50/50 is never a bad place to start if you're not actually performing the rehab yourself.