In some cases, these were pretty detailed and involved some significant bookkeeping fixes.

But once we went through the process of this revision to approved action, it triggered HCD to get involved since it’s in their jurisdiction since it’s a “special occupancy park”.

If you need assistance with eyes on the ground, resources or companies to work with, my suggestion would be to get on here and be transparent just like you were with this post. 

These types of properties typically require less hands-on involvement compared to larger, more complex investments.

We don’t feel great about it for various reasons, namely it’s a liability, an eye sore, and we don’t know of all the problems this could present.Has anyone had this happen?

Hey Gustavo, The double taxation issue will likely be experienced by someone in your situation without the proper tax professional involved.

Just wait until you or someone you love becomes disabled and you'll find yourself viewing those funky features with new eyes.

If the numbers work, I think it makes sense to do it while you are still there, learn, build systems, have a handyman, and then have your parents be your eyes and ears, not a PM.

It would save about $230/month and involves about 5k in closing costs and fees.

I don't know how we fix crime and schools without getting the Goobermint involved, which rarely works....Unless we gave tax breaks and incentives to builders and investors like us that would encourage us to take bigger chances and go develop some of these down-and-out areas......it's worked before....