If you can trust your team to handle problems while you're in another state, have time to make the property the best it can be, and optimize the listing to bring in as much revenue as possible, then go for it! 

My quick math is if I'm collecting $75 more per booking at a conservative 40 bookings per year that's $3000 in extra revenue. 

His reply was that he sold the units, not the right to collect the interest.

I am currently looking at opportunities to enter into the MH/Month-stay RV park space, and am wondering if there are recommendations for rent collection software that is specifically tailored? 

I will essentially be managing the entire property/collecting rent and my friend will not have to lift a finger. 

Cape Coral also offers a great supply of homes that are not in flood zones and otherwise have low storm risk, particularly with some newer buildsIn terms of cash flow, single family in general is not going to be the best bet for optimizing that focus.

Hospitable will calculate and collect taxes for you.

So, we obtain a full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc. to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyPublic RecordsWe also obtain data from national databases about evictions, convictions and sex-offender histories.

If it was me I would give them the 1000 and have your lawyer write a release of all claims as to the water.. and probably not renew unless other wise they are great tenants.. but if your already asking for pre signed checks sounds like collections maybe an issue as well.

There were fewer problems with theft and less work as you don't have to collect the coins.