My default position has always been, "No one will take better care of your property than you".However, here's a list of issues that can force you into using a PM:Out of State - non local propertiesRE inventory that requires too much of your personal timeSpecific properties with a unit count that then require onsite managerIn Calif, (3) the count is 16 or more units, and if you hire a manager, then you have to follow all the employer regulations, which easily adds 35% above the salary. 

But to get you started, a few inexpensive items you can implement to improve the park quickly - create good rules and regulations for the park and enforce the "No Pay, No Stay" policy; improve the road frontage with a white 3 rail fence and new sign; do not allow dangerous breed dogs.After that, find the money for MHU Boot Camp and attend :)

If you are starting out with rental houses, get ready for more impossible rules and regulations and higher costs for repairs. 

There are conflicting regulations as to the exemption of 2 or 3 deals by a seller and these may or may not apply to dealers in the business of real estate, so check again at the state level and to assume on the safe side, go with 2, not 3.

Hi Mario, for now you can do that.LA is currently reviewing how their policy will be in terms of regulating Airbnb....until then you are free to use rental units for your Airbnb.That may change though, so please be aware.

It’s going to be interesting seeing the changes that are needed to regulate new companies like AIRBNB.

Hi Adam,In my experience, septic systems are regulated by your local building department, as well as the county health department.  

You may need to look into the laws and regulations on he property you are discussing before you have to enter a war battle with the city of Houston.

For me, it was the right decision and certainly allows me to stay withing the regulations of the Div.

Beware of State regulations for No Fault Evictions - - typically there are high relocation fees to the existing tenant.