I am doing my first deal that needs substantial renovations. I'm a pretty handy guy but this would be outside of my realm, but my experience helps me understand how much this type of improvement should cost.Improvemen...

Quote from @Arvand Sabetian: Depends on your unit and size.

IRS definition of a dependent.To claim a child as a dependent, the child must be under 19 or under 24 if a student.

To gain investor confidence, ensure the investment property numbers are real, use the most common contract forms in your state (versus a 2 or 3-page) internet/guru contract form) with appropriate addenda, or an attorney-drafted form and attorney-drafted assignment agreement.

Would love to connect with other RE investors that can guide me/us and build confidence along the way.   

The tax benefits refer to the tax deductions from mortgage interest and property tax.The returns mainly rely on appreciation, and the cash flow only improves in the last few years, also depending on securing the 5% refinance rate.I've learned a lot from this forum, but as I start to operate on my own, I'm still not completely confident.

I’m also in the process of launching a new home inspection company, which I’m confident will help me get back on track financially.

With your budget, depending on where you are working, I'd consider Silver Spring or Hyattsville  

However, after renovations, the numbers improve significantly, and the challenge lies in bridging the gap between current and future performance.Expenses typically run at a 30-50% expense ratio for mobile home parks, depending on management and infrastructure conditions.

You are procrastinating on the smallest of things which means you may lack the confidence to do what you are planning to do.