Thanks for helping further  improve the neighborhood! 

The good news is it's a bull market/low inventory.

Virtually all mobile home park deals are for the land and improvements, and moms and pops always seem to include a few park-owned homes, as well.

New Owners will have to clean it up but it will improve their ROI when they get a new renter in at market rate.

Let me know if you want more stats or current inventory levels.

Under this system, everyone wants the improvements and repairs made ASAP so that they can get the highest amount out of their own condo because you can advertise it as having a new roof, etc.Also, it's better to have a condo with a property management company, even though in theory this might be more expensive, because being willing to run for the condo board does not equal being a competent property manager. 

They can be purchased with short-term funding if improvements are needed before being tenant occupied and when the deed has been seasoned for 6 months (your LLC has owned it for 6 months) you can do a cash-out refi with the LLC as the borrower and it is considered a commercial style loan (even if it is a residential style property).

It's easy to search on Redfin/Zillow with the keyword "ADU" now.I found some recent transactions data (almost all from second quarter of 2021) in the bay area that might be of interest to you: https://www.redfin.com/CA/Camp...https://www.redfin.com/CA/San-...https://www.redfin.com/CA/Sant...https://www.redfin.com/CA/Sunn...https://www.redfin.com/CA/Sant...https://www.redfin.com/CA/San-...You can see that in all of these cases (whether with detached or attached ADUs), ADU added more value than the estimated construction cost, which shows that building an ADU can be a proven strategy for bay area home owners to not only improve cash flow, but also immediately add equity value.

If I were to leave and rent out my space, I would make at least $600/month because of how hot the rental market is, how low my mortgage is now, and how little inventory exists in my region.Since I'm now eligible for another FHA loan, I was wondering if it would make sense to purchase another and move into it.

It will take quite a while to scale to 50 properties at that price with the current inventory situation.