(In case you didn't know, the Housing Authority typically won't start paying rent until the property has passed its initial inspection.)Good luck.

-Often a persons last years are in assisted living, a nursing home, or with their children, so I could take possession of the home (and generate profit from it) sooner than the persons death.Potential risk that I can think of:-Higher out-of-pocket costs/negative initial cash flow with delayed financial reward. 

Maybe money is tight, maybe it is the summer and people are feeling more inspired to make the recurring Home Depot runs, or maybe people are taking more initiative to round their skills on Youtube University. 

But a word of caution- mobile home park investors buy parks not only for the initial return but for the increased resale value as you improve the CAP rates down the road. 

I'm looking for advice and input on whether our initial strategy idea seems sound--We have up to $400k cash to invest in a property (this is aside from other cash reserves that we want to keep on the side).

I have been advised to do just that, to make sure the property still exists, as strange as it sounded to me initially.  

My initial leases would certainly be 11.5 months or less with this new law.

While the township didn't initially ask for this inspection, they advised it "better to do" when I called to check.

Initially, I'm sure nobody will know what to do but this is how I think it settles.1.

Booking.com is even more expensive than VRBO/ABNB, so you will likely be costing yourself money for every Booking.com reservation.I had done some initial research into booking.com because of its wider international reach and actually did get it set up + synced to Lodgifty pretty smoothly this week.