Today he drove over an hour into the woods for us to look at a mobile so my husband does not have to commute.

You are a high w2 earner, The house is worth 110k today, you are buying from your grandma for 60k in exchange for free rent for life, upside ARV of 200k.The costs of owning the house will help provide tax relief on your high w2 earnings, you are buying a great chunk of equity that will pay off in the future, and you and your grandma are doing each other solids. 

I am off to the boat show so done for today best of luck.

With that much "profit" available in the deal, if needed we could sell even in todays market, at below market and still profit.

@John Friendas Without knowing the expenses and costs associated with it I can’t make an educated judgement.

Next goal is $250k in income through my real estate and stepping away from the day to day management of the properties.

Today Bitcoin is about $93,000, can you buy it today for a 35% discount or $60,450?

If I have a problem with my newspaper delivery or something equally non-critical, I'd like an answer or fix  now, but if it's later today or tomorrow, not a big deal. 

Leveraging a property in todays environment of high interest rates will not get you cash flowing. 

Are you looking to flip so you can make income today?