Nothing in a mobile is standardized like an SFR and getting access to parts is a big problem, let alone the expense.Consequently, the LTV on mobiles will be worse than commercial loans.

Plus, you will learn & earn in the meantime, as well as have direct access and network in the business.Beyond that, I'd advise to focus on mastering your personal finances first ... from your comments on saving $10k yet having $25k car loan, I'd say you are on the right track but still have some work to do.

I  have the amount of the entire mortgage I plan to take out invested in relatively safe mutual funds which are easily accessed and liquefied if needed.  

Some companies will not charge any lease up or a 1/2 month lease up, but they don't use leasing agents rather they give tenants free access to the house, which I would think there are some major risk involved with that depending on the area.

You should get on some wholesale lists to get access to properties.

I constantly see people talk about doing deals with little to no money down.

Marc I agree,I honestly think I may just board it up pretty well and not give the tenants access to the attic.

My second question is, 2) would it be possible for me to try to approach the bank before foreclosure if he is not giving me access to the bank (I do know which bank he is working with)?

If the above answer is to use it investing in real estate, what is the best way to go about accessing this money for investing purposes?

My goals would be to eventually attain financial independence, and not have to struggle from paycheck to paycheck, or worry constantly about where my money is going.