I have a park I am in DD on consisting of 90 MHs and 37 RV spaces which do well but require extra payroll, electric, etc.

I give this extra context in case it becomes relevant to any follow up.

If you occupy the duplex it will add to the difficulty of finding a private lender as Dodd Frank kicks in, so you wil not find a HML and a note investor may consider it but again the interest rate would be around 12% and over a very short time frame. you would not get a note investor to go longer than 10 years and in this instance possibly even 5. 

<==Now if anyone gets this reference you get extra points and a smile!

The property is already rehabbed and the $385k value is already there, I don't think it should be too difficult.

I think the biggest issue you're going to run into comes down to time differences and difficulty traveling to the property.

the extra cost of coin machines mean it will take a very long time for you to break even on this.plus it is tacky.

I suggested you can have a new bull-nose built and Brian pointed out you can raise the existing one - both of these ideas will work and both rely on the fact nobody is going to notice an extra 1/4 inch of height there.When I see these pics the thing that stands out to me is that the parquet is dated and on top of that, they got lazy and raised it up instead of removing the plywood (it was likely originally carpet) and adjusting the height with something else.

With current FHA products, you will be stuck with that extra premium for the entire life of the loan.  

I’m looking to stop making excuses and want to start exposing myself to real estate in some manner to better understand it, make some extra money while doing so, and build some connections that will be mutually beneficial over time as I gain more experience.