Quote from @Michael Smythe: We're far from perfect, so our 2 cents should be taken lightly.Most of the national companies are setting up franchises and the challenge is with the individual franchisees.

RUBS are illegal and individual meters is not feasible at this time. 

There's some excellent relevant & recent material from very high quality individuals on this forum.

Best neighborhood and best assets are subjective and largely based on the individuals capabilities (balance sheet, skill set, time etc.)

we did this a lot pre 07  in that year Oregon WA and then CA made laws that had lots of teeth about dealing with those in foreclosure.. so we just stopped doing it risk was not worth it.I cant see how an individual can do this really..

Rental income will still be taxed as Oregon source income, and you will also report it on your California individual tax return as part of your worldwide income.

Thanks Chris but loan will be in the individual state LLC not on the Wyoming one.

The issue is not the contract, the issue is going to be enforcing the contract, the individual who was selling this could hold this up for years and cost you tens of thousands in legal fees, and then they file bankruptcy and stall it another 5 years.

I’m waiting to hear back from a city representative to see if it’s possible to divide the lot into multiple lots and put a mobile home on each lot.Once the land is paid off and divided, is it possible to use each lot as collateral for its individual mobile home? 

>  Some LP want cash>  Some want alternative real estate>  Some want individual properties currently within the partnership.