As I've learned more about analyzing properties I have quickly discovered we had to make some changes to our current rents and with changes going into effect next month the property will cash flow around $675/month, we only have about 7 more years on a small lean we have on the building, after that it should cash flow around $1000/month and be paid off with no leans. 

I found it on auction.com and I just bid on it How did you add value to the deal?

I am looking to do a house hack in the Tampa/st.

Modulars are a little better because its easier to get FHA and VA financing so they can sell quicker to a wider group of buyers.FHA can be refinance down the road so the MIP - mortgage insurance premium similar to PMI but more expensive. 

However, it would be cash flow negative if I were able to assume the mortgage or buy it with 20% down at the market price. 

@Jonathan Greene Thanks for the recommendation!

If they perform poorly, you are out the rent income or their paycheck, and you have to pay to fix the problem.

That is often the most difficult first step for investors, is to simply get started. 

That makes a big difference. $20K and 9 free months sounds obscene.

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