Then and only then will congress kill this idiotic legislation.Your prediction reminds me of a four-digit number: 1776

It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

I bring sales experience from selling RVs and have always been interested in real estate investing as a way to generate income and eventually achieve time and financial freedom. 

Your experience reminds me to manage the portfolio well (i.e. sell losers) and to be patient. 

If not, I'll have a property I could 1031 exchange or just sell. 

If something happens to the country and foreigners leave, you won't be able to sell.

Before we sold it we hired a management company to reduce the burden, but even then we decided to sell and walk away. 

I figure the properties on the market the longest are the hardest to sell for some reason.. overpriced, ugly, other issues..

The park owner will want a bullet proof guarantee that the home will look great when completed and you will be on the hook for the space rent as negotiated until it sells. 

The project wrapped up on 12/19/2024, with the property selling for $99,000.