Typically, the only thing lost in selling development rights is the right to build houses and all other pre-existing permitted uses remain.

Only reason question is being asked is due to a pre-existing seller timeframe required to close the first 4 deals that does not work with any lender's timelines.

Right now I only make money from my 1099 job, capital gains on the parcels I sell, and rental income from (4) pre-existing mobile homes.

@Graham Lutz You need to:1)have established relationships with deal sponsors and potential investors since this industry is SEC regulated and some of the deals maybe  done via 506 (b) = not publicly advertise and require pre-existing relationship2) have a full implications of each deal and be well-versed in syndications in general - people won't just jump on a deal cause you offer it.

Just make sure you are presenting this as a partnership and not a passive investment if you are marketing the deal to people you don't have a pre-existing relationship with. 

As I mentioned, I'm aware you can partner on the deed with your IRA, but also the cost of setting up a SD IRA through a trustee is around 2k I believe, which with not having a pre-existing fund to roll into is a huge portion.I would think that for a casual investor, who still is employed by a company, the SD IRA would be a great advantage to buying cash/hard money especially if they have been investing into their IRA/401k for a while, and don't plan on quitting their job to do RE full time.Believe, me I love the tax deferred concept, but again as far as creating accessible income streams, I'm just having trouble seeing the advantages.

Possibly as for a change in the lease where the landlord is responsible for the damaged appliances, or if it stops working due to the preexisting damage you are not responsible.Normally, You wouldn't be responsible for any preexisting damage to the unit itself, it sounds like they're trying to squeeze in some hopeful replacements.

The pros as you’ve stated, can be:-less maintenance as it’s a brand new property and things shouldn’t be breaking down, which as a new landlord is like operating with training wheels, as you will less likely be overwhelmed with constant maintenance requests-everything is in brand new condition which is appealing to prospective tenants, which can also allow you to rent out for higher amounts since the condition can make it more desirable compared to other options-the warranty (mine was 1 year) is very comforting to know you have it to fall back on-I’m under the impression that typically older/pre-existing properties have higher potential for cashflow, however, I feel that contrary to that belief, a lot of new construction fourplexes here have higher cash flow potential due to the higher rents you can charge.My current new construction fourplex cash flows pretty well, due to it having rents closer towards the higher end of the market, although the higher quality finishings make the apartments very desirable.Searching for my second fourplex, I’m leaning towards a pre-existing fourplex around 15-20 years old, as with the typical price point, it will allow me to have more funds leftover going into my third property.I’m pretty sure I know which new construction fourplexes you are referring to with that purchase price, as a buddy of mine lives in that city (if it’s what I’m thinking) and he was considering buying one of those new construction properties and the expected rents make it seem like it should be a solid investment.

Also, to build one from the ground up is far more expensive than purchasing a preexisting one, and considering that the real value in MHPs lies in the lot occupancy of lot-lease homes, I wouldn't even think about developing a new park in the South East.  

There is an exception for properties that meet the Delayed Financing guidelines.Delayed Financing Rule:A rental property that was purchased within the last six months is eligible for a cash out refinance if:The new loan amount is no more than the original purchase price plus closing costs.No mortgage financing was used for the purchase, unless the financing was on another property.The transaction was arms-length, meaning the seller did not have a pre-existing relationship nor a financial interest in the sale besides the sale itself.The buyer has a final Closing Disclosure (final settlement statement) showing the purchase price and other details of the transaction.After speaking with my loan originator, i may qualify for the delayed financing rule.