THat is what caused this whole mess.

For me, I'd rather have fewer doors owned outright that allow me to achieve my personal financial goals than having a large number of doors fully leveraged with less cash flow per door.

At the time there were limited 3 BR rentals in the neighborhood, but achieved such high rental rates the properties ended up performing better as rentals than as a for sale project.

There are multiple strategies that you can use on mobile homes to achieve your real estate investing goals. 

However if I do a BRRRR I can achieve infinite return by extracting all of my investment.

What will you do differently to achieve that goal?

You can PM me or send me an email which you can find on my profile because BP won't let me post it here in the body of a message.  

Congrats on buying your first investment property—that’s a big achievement!

Look, I know the whole concept of a 1031 exchnage can feel a bit like reading a foreign language at first, but trust me, once you wrap your head around it, you might never look at property taxes the same way.

Renovation costs would need to be financed separately.Private Lending or Hard Money: Use a private or hard money loan to acquire and rehab the property, then refinance into a joint long-term loan.Seller Financing: Negotiate terms directly with the seller for a flexible financing arrangement.Final ThoughtsUsing an FHA 203(k) loan for your first property is a smart move, and with the right partnership agreement, you can still achieve your 50/50 goals.