What is keeping you from getting a traditional mortgage on this property?

Construction is around $120 /sq foot 4) Rent out, collect rents, and refinance with a traditional mortgage.My reasoning is that 1) Renters don't care whether a house is manufactured or not, so would pay the same rent had the property been site built. 2) Manufactured houses are much cheaper to build than site built, so cash flow would be better 3) I'm not too experienced in construction, so manufactured could simplify the process. 

Construction is around $120 /sq foot 4) Rent out, collect rents, and refinance with a traditional mortgage.My reasoning is that 1) Renters don't care whether a house is manufactured or not, so would pay the same rent had the property been site built. 2) Manufactured houses are much cheaper to build than site built, so cash flow would be better 3) I'm not too experienced in construction, so manufactured could simplify the process.

Construction is around $120 /sq foot 4) Rent out, collect rents, and refinance with a traditional mortgage.My reasoning is that 1) Renters don't care whether a house is manufactured or not, so would pay the same rent had the property been site built. 2) Manufactured houses are much cheaper to build than site built, so cash flow would be better 3) I'm not too experienced in construction, so manufactured could simplify the process.

Although come to think of it, buying a home traditionally would give me even less equity.

They have recently stopped doing the traditional renter and now use airbnb for a weekend or 2 a month, but as you know about Wichita, unless you live in the downtown area or near the airport you may not have the greatest luck with Airbnb.

In the beginning I didn't have 20% so I knew I wouldn't get far going the traditional route.

@Mike S. is correct, you can also recharacterize a Roth IRA contribution to a Traditional IRA which does not have income limits.

I was shopping mortgages for conventional traditional lenders over tenths of a % interest rate.

If the state really wants people to start building a bunch of ADUs, shouldn't they also be encouraging appraisers to change their evaluation methods, for example comparing duplexes to SFHs with ADUs or comparing JADUs to traditional additions?