The qualified intermediary will also manage all of the funds during this transaction, so you want someone trustworthy and reliable in that aspect too. 

One of the most important aspects but its always a time consuming aspect that most put off and miss out....

This law imposes duties on the landlord including: Abiding by any applicable housing codes (including state, city and/or county codes), and maintaining the property in a safe and reliable manner.A tenant can sue a landlord for a slip and fall as long the tenant can prove the landlord was negligent and the negligence was the cause of the tenant’s personal injury (broken or fractured bone, scarring, or another serious bodily injury).

If you have specific questions or need further guidance on any aspect, feel free to ask the community.

A family friend of theirs told me they probably net $200 Million a year from their parks.This example made me look at what they have done and what aspects can be replicated over and over again where you not only scale but with momentum.

Once you get closer to the median house price it's no longer worth the speculation aspect of it, like you mentioned. 

And, it's "Passive" by investment definition as your not involved in any of the day-2-day operational aspect's what so ever. 

For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).

There is a reason they don't come back, because life is hard and day-to-day life is a struggle in some aspects. 

There are some good aspects of 7% interest rates, as I laid out Last Week.