Mobile homes to plexes

[Steven J.]

I'm a new investor still working on acquiring my first deal and I've got plans for the near future to be moving quite quickly once that first deal is done.

I know within 6-7 months I'll be moving out of state, possible Seattle, where I'll be for at least a year. I want to by a duplex or bigger, probably through traditional financing, and live in it while tenant(s) pay for my asset. To get there I will do lease-options on mobile homes bringing in small but consistent cashflow to build my reserves for the down payment and whatever costs I'll need.

I would like to hear from people their opinions on this strategy. Am I missing something, should I invest in something else perhaps?