To find those, a city/county search, by actually sending written inquiries to the various dept.s must be done...and extra $200 or so and takes a couple of weeks.The REO title companies will exclude these potential liens in the B section of Exceptions.  

It is taxed at ordinary rates, and it is the very kind of depreciation recapture specifically excluded by the rules.

Ask them what their current lot rent is and what else is included/excluded?

Hi @Rahul Handa - you'd have to live in it for 2 out of the past 5 years in order to exclude a portion of the gain ... a single tax payer can exclude up to $250k, married couple up to $500k (Section 121 of the tax code).The tax you'd pay if your gain goes beyond those limits will depend on the state the property is in and your personal tax bracket. 

Did you exclude the building in the lease with your other tenants? 

DP3 is open perils coverage - it covers everything except what is specifically excluded. 

So basically, when do I apply the late fee if Tennessee law states I must give a 5 day grace period but must exclude Sundays and Legal Holidays?

While you are running test ads, it is also smart to see what your competition will be, so call the parks within 5-10 miles that are similar parks and find out: What their current lot rent is and what else is included/excluded?

Pet deposit of $300 for pets under 25 lbs, Maximum of 2 pets allowed No smoking or vaping allowed on the propertyTenant pays all utilities (gas, electric, water/sewer, garbage, phone/internet)This is a one year leaseAppliances provided are Range, Refrigerator, and Dishwasher.Washer and dryer hookups in the garage allow for tenant to install washer and dryerLawn, landscaping, gutter cleaning and declogging, and exterior maintenance are the tenants responsibilityPest control is tenant responsibility, excluding termites and rodentsRegular HVAC filter changes are tenant responsibilityShall abide by all Rock Creek Community rules & regulations; violations with fines associated with them shall be paid by the tenant and included in monthly rent.No waterbedsClogged toilets & drains, as well as light bulb replacements are tenants responsibilityStorage of personal property shall be at tenants sole risk.

What does the crowd think of my issuing a new lease that excludes them from using the laundry and storage room entirely while the other tenants continue to use it?