Quote from @Lei Wei: Ko Olina is beautiful.How would you even make that work?

In this case, you would draft an operating agreement that specifies each partner's role—your friend providing the cash and you handling the rehab and management—and that profits and ownership are split evenly.

Quote from @Martin Streich: @Sami Gren  it is illegal to edit a contract midterm, even with the tenants consent.

Do you see rehabs and dumpsters showing up and roads being repaved or even sidewalks being redone with pavers, etc?

It even helps with finding contractors as you can show them what quality you expect and they in turn can show you what they can do.Will it help you sell more or get more money? 

It's not just the taxes, but being able to at-a-glance look at expenses by the month and year, profit and loss calculating automatically, and even cash flow by property and total portfolio by month and year.Thanks for suggesting it!

Even in towns where they desperately need affordable house if, they can’t get over the stigma of MHPs.The other issue you’ll run into is highest and best use.

If you are in the Seattle market the better, even better in the burien market, but all are absolutely welcome because no matter where the project is, a house is a house. looking forward to hearing from all of you!

I can save $9,000 a month and I am thinking of scaling but I am unsure how. or even to what. mobile home parks?

Common deductible expenses include mortgage interest, property management fees, repairs, and even travel expenses related to property management.