If you put yourself in the rational consumer’s shoes, you would consider the total cost of each of the following housing options:A) a monthly mortgage payment + utilities + insurance + taxes on a single family home that you buyB) a monthly rental payment + utilities on a 3 bedroom single family home that you rent C) a monthly rental payment + lot rent + utilities on a 3 bedroom mobile home rental that you rent D) a monthly mortgage payment + lot rent + utilities + insurance + taxes on a 3 bedroom mobile home that you own (own the home and rent the land)A deal breaker for me is a situation where there’s <$200 spread between options A/B and C/D.  

At least not yet.I would spend some time hanging out here and at local meetups if I were in your shoes.

It's possible the tenant is better at this sort of work than both of us but you never really know...If I were in your shoes, I'd have a licensed contractor do plumbing and electrical but that will cost you more.I guess it comes down to whether or not you want to pay more or take a chance the tenant is doing it correctly, in which case you can simply be happy that the tenant is happy and also that he's saving you $, at least in the short run.

We can hear when they're walking, even louder when they have heels or dress shoes on, and the kids loud crying screams when he's getting disciplined, etc.Where we draw the line is when the kid starts bouncing a ball or running in the house.

On the flip side, they might have some contacts for you as well which could help you finance the property, but if I were in your shoes, I would hit up every avenue I could to secure affordable financing for your project before pursuing this further.

If i'm in your shoes, i am continuing to flip the single family properties while looking diligently for good 2-4+ unit BRRRR candidates.

If I were in your shoes, the only way I would not purchase a house hack after paying down the credit cards would be if I could not due to the high debt to income ratio. 

If I switch hats and put myself in the insurer's shoes, I can see their points.

If I were in your shoes, I would do two things -Thing #1 - Make sure you and your wife are on the same page - You will have an uphill battle if you guys want different things out of life - BUT if you are both working towards the same goal, it will be a fun ride!

@Ray Pryer I would personally start out with a conventional 5% down loan if I were in your shoes.