@Ryan Rock I live in So Cal and most mobile homes on land do not sell for $275k, where are you looking to do this, it sounds very risky and capital intensive to me. 

And I also spent about $10k more in other miscellaneous upgrades and things such as concrete driveway, river rock landscaping, etc.

"And keep in mind, once you find a rock star agent, he or she will have a preferred lender, for example, and referrals to other members or even contacts/methods to find you those referrals

The key is keep flipping those rocks over until you find the diamond in the rough!

Thank you for the great information.It seems like manipulating the system to your favor, and it's completely legal.I thought of one more step to bend the money.Interview a contractor and ask him to do the work on my first rehab.Also ask him to hire me as a Forman for the job.I'll work on and oversee the job from beginning to end.I can help with demo.His guys and do the sheet rocking and painting, my least favorite jobs.I can install windows and trim while his guys work on the floor.Then I do cabinets while his tile people work on the bathrooms then kitchen.The contractor can pay me $25 and charge me $40 or $50 an hour what ever he normally does.I'll have to be paying someone to do the work, why can't it be me?

OR ANY UNTAXABLE OR UNTANGABLE COINS, FORAN CURENCY, SHELLS, ROCKS, or PRECIOUS METALS SHALL NOT BE CONSIDERED INCOME WHEN APPLYING FOR FHA, VA LOAN PROGRAM." or something to that Nature.

You were 2/3 occupied with $0 profit, that means when you move out unit #3 is all profit and should make you look like a rock star.

Too many try and go it on their own and get crushed..

In Philly, you must get a rock solid lease AND ensure that you have taken care of all that is required by L&I . 

With this method you can have all those difficult conversations up front of "why does fixing sheet rock cost $20 per sq/in?!?".