@Clay TeegardenAmongst the avalanche of nearly identical responses from my fellow accountants about setting money aside and rates and so on, I will repeat a point that I consider crucial:There is no guarantee that you will have any taxable profit when you start flipping.

She is responsible for the entirety of the lease, even if she vacates early.

Since 2020 we've been selling these units to individuals and organizations that may buy from 1 to 5-6 units each, but currently trying to expand our business.Given the interest rates for financing these types of structures and how much landlords are charging (for both short-term and long-term rentals), I found that the net income is way higher than the average mortgage payment, so basically it's free money.I've been thinking it'd be a good idea to partner up with a real estate developer to develop a mobile park.

@Vinay Sanapala your naivete will get you eaten alive.Look at who is posting what in response to your post here.

The Richest Man in Babylon by George Samuel Clason: “To attract goodluck to oneself, it is necessary to take advantage of opportunities” “Men of action are favored by the goodness of good luck”One of the most important qualities that I see in successful individuals is that they take action.If you do nothing, nothing will happen.Where do you need to take action in your life?

Flexibility and solving their individual needs/logistics. 

You haven't done enough research on your own to help someone help you.Hello Jonathan,Thank you for at least your response.

The allocation can affect property taxes and legal responsibilities.

The PM is still responsible for giving you any monies owed from rent and/or security deposits.

Quote from @Stuart Udis: Below is a cut/paste response from me in 2023.