There are a lot of things you can invest in relative to real estate and get a good returns with additional appreciation. 

The mobile home owner pays an additional $200 per month in rent to keep it and live on the property.

In addition, since your partner is a real estate agent you can put the agency banner head and his photo on the letter showing that he is a real estate agent.

I am currently transitioning from being a law enforcement supervisor (where I have been for 5 years), to running my own interior design and staging company in Seattle with additional interest in rehab project management for investors/flippers.

I would start by attempting to understand seller motivation: if the rents make sense/cover the note and the ARV is 50k, why is the landlord selling at such a reduced price?  

They have a newsletter full of content that you can customize with your contact info, and print off and distribute.Then, I would pick an area that you want to farm. start small, and add additional sections as money becomes available.If you are really eager, and ready to work for it, print off the most recent comps of your farm area (or the newsletter as mentioned above), and go walk the neighborhood. 

After paying in additional 10% in Principle.Mortgage will go down to 1290/month.I realize there is a negative cash flow to start, but im thinking the 15k in equity off the bat and highly recommended tenants making rent payments in the 1st month is worth it (no waiting a month or more to find a good tenant.)Main goal is buy and hold.

----------------------Surely a flooded home qualifies as an emergency, also his lease may have additional details that may help.I'm more interested in why she wouldn't want him to enter....something shady must be going on!!!  

It reduces my 'expense' in the house (my down payment is equity - essentially moving money from one savings account to another), and I find that sellers are fine with it.

In addition to reading all the great information here, start reaching out to people and making time to meet with the frequent posters here.