I didn't think I could borrow from an IRA, but it sounds like I can borrow against it? 

Sounds like a great idea.

It sounds like this project should be treated like a BRRR.

Cleanup Job (Low cost fast flip): - landscape package in front - remove deck- remove vines from house - clean exterior, fix siding and wood rot, paint neutral beige/gray color - clean driveway/weed, clean retaining wall/pavement - replace flooring with mid grade flooring bottom level, carpet upstairs - replace interior fixtures - paint interior white trim, light color beige/gray walls, popcorn ceiling removal - new kitchen appliancesRehab options:- Replace deck with new one (kind of awkward that high to me) vs Remove and fill in wall or add large window to master.- Potential space to move laundry into upstairs bathroom closet vs basement - Can maybe get away with toilet/vanity replacement in each bathroom- Uncertain if painting or replacing cabinets with ikea type is worth it- Any in-ceiling lighting will cause a disaster with electrical since it is out of date- Repave/fix concrete front porch and side porch - replace/paint railing- Replace front walkway cement, or remove walkway and replace with right angled walk to driveway (may not provide ROI)- Tear down vs paint garage port in back yard

Our goal is to add at least 1 rental per year (maybe more) and to replace our income. 

I have some experience, having knocked down a drive through location and replaced it with a national food service company in a nice town and then also purchasing a historic bank building and leasing it out as office space. 

Sounds risky because you are new to investing and you don't know much about foundations.

It would seem all the bad investment myths surrounding mobile home purchases have really been opinions repeated often enough to sound like fact.You can read the rest of my thoughts on this new report and what that will mean for the MH industry here - https://www.linkedin.com/pulse/fhfa-data-proves-mo...What are your thoughts on the FHFA report regarding manufactured homes?

The smell is finally gone, but I did notice all the smoke smell and stains are trapped in all the outlets, so they all need to be replaced too. 

It’s amazing what people will write when it sounds like they have absolutely no idea what they are talking about.