For the manufactured home you can probably get a Dwelling policy, but judging by your description this will come at a cost IF the insurance company decides to take the risk.

Sometimes folks think real estate will give them instant success, but that’s not the case. 

Many San Diegans are willing to accept negative cashflow initially because of the favorable laws pertaining to the ability to add/convert ADUs or add dwelling units through bonus density laws. 

I’ll be pricing the deal so the buyer gets instant equity anyways.

Instantly you are saving on real estate commissions..Realtors who are investors like myself are a step ahead that have access to tools and information to find these owners..A bit more challenging now going out and about but still doable

The bathrooms need renovations (one worse than the others), kitchen could use a facelift and some new floors would instantly raise the value.

As crypto continues to grow I do think we will see crypto become more involved with real estate as transactions will be conducted more and more with crypto thanks to its almost instant settlement, as well as, the investment potential of virtual real estate within the meta verse. 

FHA allows for a streamlined refinance, too.I'm a fan of FHA down payment assistance as it allows you to walk in with instant equity and no/low cash out of pocket -- the trade off with DPA (down payment assistance) is that you'd be getting a slightly higher interest rate.

Renovate & Hold: The above plus Vacant Building coverage, Dwelling/Fire coverage, Umbrella,..3.

Lower deposits (instantly), higher cost of funds, and lower asset values all lead to less bank appetite or ability to lend (in a big way).