My state has taken the stance that transactional funding is a red flag to selling real estate without a license.IE they had to advertise the real estate to get a buyer and that using tran funding is a clear market that they had no intention to close on thier own and its part of their scheme to circumvent the RE brokerage laws.I finally got feed up with the is it OK is it not.. and got in touch with our state regulator.. and advertising any property you don't own in our state is simply not legal.. etc.. but then again they only go after folks if a complaint is filed.. they are well aware of this activity..

@Jason JebelesSome good advice above from @Julie McCoy and @Paul Sandhu I'd just add to be sure you know your local regulations.

@Dmitriy Fomichenko @George Blower @Bernard ReiszIs there an IRS regulation or tax court case that points to the requirement to get a qualified appraisal in advance of an in-kind distribution from a retirement plan? 

Prepare yourself for the worst, if you have not studied your state landlord tennat regulations and educated yourself on evictions find yourself a lawyer in preparation to evict.

@Corie Carpentier This is really up to you and any landlord-tenant laws that exist in your state, HOA regulations, etc. 

@Ryan Stahr Forest Hills has their own regulation against short term rentals, but Airbnb would be ideal. 

I'd evaluate their management style and way they operate the park (i.e. collecting rent, following the rules and regulations, notices being sent out regularly, etc.).

Thank you everyone for your replies - it all sounds like solid advice:I understand to the professional real-estate investor this might sound like a nauseatingly safe strategy but I am a novice and admittedly would like to play safe while I learn the ins-and-outs of the industry, being a landlord, maintenance, renovation, regulations etc...

What is the purpose or goal of the existing setback regulation.  

A fingerprint card may be obtained from the Department of Business and Professional Regulation by contacting the Customer Contact Center at (BP won't allow me to post the tel#- I'll message to you).