And while you may have good intentions of wanting the family to profit from the sale you are better served to take possession back, sell it yourself and then if you want to give the family money, you can do that. 

Looking at a house to purchase to rent (not sure if short, medium or long) that is surrounded on one side by a decent sized cemetery.  

I guess from a developers perspective, I'd take an educated guess that if you had 2 properties right next to each other, identical in size, lot size, bedrooms bathrooms etc, but 1 a MFH & the other a SFH, it seems that the SFH would sell for more, and probably cost less (less framing, doors, windows, appliances, boilers / furnaces / water tank etc

Found on mobilehomeparkstore.com and engaged the listing broker to serve as dual agent.

Are you going from a large single family property to an apartment size dwelling and what's the crime like in the area you would be moving to vs. the crime statistics where you live right now. 

But it is first come, first serve.

The size, layout, interior, make it smart, and other features will be according to what you are the buyer desire.When it comes to renovating a property then you are somewhat limited to the fineness of the structure that already exist.

There is no one size fits all answer to your question here as every situation and every single person has a different take on this.For now, consider this: what is your total cost to finance this deal outside the seller carry?

They need a good size opening for the liner.

I would occupy the second house but I’m not sure if it’s possible because I already work close to my first home and have no change in family size.