Now this is also the more expensive way to do it - as there's then two separate sets of attorneys to pay.

1 – Rental Return with Cash Purchase Purchase: 120k+Renovation: 35kAll-In Budget: 155kAll-In Budget: 155kMarket Rent: $1300/month% Towards Expenses: 30%Annual Cash on Cash Return: 7.04%2 – Re-Finance After RehabAppraised Value: 185k 75% LTV - $138,750Cash Still Invested - $16,2503 – Rental Return After Re-Fi Cash Still Invested - $16,250Market Rent - $1300/Month% Towards Expenses: 30%Annual Cash on Cash Return: 67.2%We’re very excited to break ground on this project and once we begin construction, we’ll be sure to update everyone on the progress.

I would also suggest if possible, you find ways to cut your expenses. 

There was also a water line for a refrigerator..... maybe someone forgot this is a 469 sq ft tiny house and fancy pants fridges with on demand water and ice take up precious floor space (and if they don't they are frigging expensive).Slightly annoyed, but still impressed.Then I swung by a week later.

Should this be something I add into the other expenses or property taxes when using the BRRRR or rental calculators?

The dealer sells homes that are already pre placed (maybe at the parks expense to sweeten the pot) the park doesn't have to outright buy millions of dollars worth of MHs up front just to fill the lots, and people get a nice new trailer to live in.

Im currently about to turn 19 this month, full time student, with about $272 in monthly expenses just from small bills (I recently just made personal budget spreadsheet).

Find experienced local help from a Realtor who has dealt with new single properties in that area.You are talking about a lot of work and expenses building something from the ground up.I would find a partner who has successfully built their own properties before to help you.

All of those markets are a little more expensive than others, but you aren't really going to find a triplex anywhere that you can use only $20k to buy.

If I self-source a deal, I contact the listing agent directly to learn as much as I can about the property, activity on the listing, any pending offers expected, DOM, expenses, and seller motivations if possible.