While I do not have an official W-2 currently, I do have a steady income, great credit, and have money saved as well from working since I was 13 years old.I relate to Ian Kay in his journey but also am very determined to make my goals/dreams a reality this year by July 2025.

You cannot use comps to determine basis.

@Jason Khoury I purchased my current residence, a duplex, from a local non-profit about 5 years ago.

You need to determine the best route for each deal you do. 

I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

@Jeff Ryan What was the purchase price of this MH?

Gross rent multiplier (GRM) A method that divides the purchase price by the gross annual rents when the property is 100% occupied.

.- When handling insurance on previous subto, we purchased new insurance, canceled the old insurance which was part of escrow.

I purchased the property from the Shelby County Land bank. 

My agent is saying that we are unable to split the contract that way (or reduce the purchase price), so I'm trying to figure out options.