Randall, those are very real concerns.Don't forget rent control proposals quarterly, first come, first serve screening, ESAs dictate how we handle animals, and show cause terminations of m-m agreements.I am afraid some of these policies will drift up or down the coast or East over the hill to us. 

There is no extensive marketing campaign or advertising needed:  broker I bought through a couple of years ago has approached me to sell to an interested buyer she has identified and she is proposing 6%.   

@Ozzy Sirimsi - I'm in the midst of reading "Millionaire Real Estate Agent" and have been considering looking at Keller Williams because I like the systems and models that Gary Keller proposes.  

They are proposing to make mandatory  rental inspections every 36 months, regardless if there is a tenant living there or not.

I would propose to lenders that you're planning to convert the park owned homes to owner occupied as quickly as you can via 3-5 year seller financing.

I won't get too deep in the details but I had an appraisal done on the land with a proposed house on it and it came back pretty good.

Have you got a pulse on what is going on regarding the current attempt to repeal Costa Hawkins which if successful would open up the door for Sacramento to legislate rent controls.

Seeking proposals for architectural drawings for new construction for 2 multifamily.

The above is just a proposal at this point, but I'm not surprised if this pass.

I'm neither a lawyer nor an accountant, but I recommend Googling "closely held corporation" and then asking your tax accountant how, if any, the proposed idea might impact your overall tax situation (https://www.irs.gov/faqs/small-business-self-employed-other-business/entities/entities-5: A closely held corporation is subject to additional limitations in the tax treatment of items such as passive activity losses, at-risk rules, and compensation paid to corporate officers.).I've read that when two closely held corporations owned by the same small group of shareholders do business with each other, the IRS sees a red flag because some people try using this approach to evade taxes.From my readings of personal finance articles, this additional scrutiny is based on whether there is an "arms length" between the two parties in a transaction.