Could anyone provide advice on the most cost-effective way to construct this and tips on estimating the total cost?

Hello, looking to connect and build a relationship with a GC in the Indy market to help with our rehabs

Great markets here in the midwest. 

They have allowed it since May of 2021 and its a booming part of the rental market.  

When the market is more balanced, then it may make sense to buy a primary and convert it to a rental when you move.There are exceptions, but you will need to learn how to really analyze a property to know when the numbers make sense.

If the property appraises at $500K, 25% higher than purchase price, either because you bought it for less or due to market appreciation, then you essentially get all your $100K back.  

Thank you, These fees arent out of the ordinary for what I typically see in my market - do keep in mind that the $2k in fees are outside of the realtors control and are charged by your closing company, she is likely estimating these amounts with what they typically see in the area.

Mobile homes are like baby chick eggs... easy to damage but also easy to repair. 

If you do a case study also consider what market appreciation and mortgage paydown would occur in both scenarios.

BiggerPockets can be a great resource, and I know there's tons of information available on the Fort Myers market specifically.