I'm not concerned about the 90 day holding period as I am more interested in rehabbing and renting.This particular property was just listed, but we'll see if they are willing to play ball.

But one other concern - isn't the 401K loan due immediately if you lose your employment?

I myself am a buy and hold investor, interested in multi families, mobile homes, SFH and am doing some flipping right now as well. 

One concern is there’s deferred maintenance on both.

Will give you a quick snapshot of the overall picture.So far as job inflow is concerned, in addition to Caterpillar, Geico and Raytheon @Ivan Dodic mentioned it was also recently announced that an Amazon Distribution Center is coming to Tucson.

My concern is that the attorney who is advising him is the same one who works with the shady investor...

While I care what the IRS “thinks”, I am much more concerned with what the law actually is.

We do have some concerns about the financial literacy and stability of the tenants though. 

I will be receiving a check for 30k and my question is. would it be better to buy a couple mobile homes or one single family home.

I found a property i want to buy but it seems my conventional loan lender may have concerns about the repairs the house needs.