are you concerned with new equity and division of property issues? 

Nothing furtherIt's very important for new Investors to note that in order to perform 3rd party property management services in Ohio one must be a licensed Real Estate Broker who is required to adhere to very strict accounting regulations & auditing through the Ohio Division of Real Estate.

@Samuel S Gonzalez a little late to the party but you might want to check into California Manufactured Housing Division and see what laws are in place before trying to wholesale it without the following:1.

I assume the HOA Has to be some type of legal entity, registered with the state, usually the divisions of corporations, or whatever your secretary state calls it.BTW, is this a wood wall, concrete, etc?  

https://www.state.nj.us/dca/divisions/codes/public...Originally posted by @Sandy Su:So I understand that I can give them 30-days notice due to rejection of the lease renewal terms. 

If you are in Ohio, I'd probably watch this: National REIA Interview with Ohio Department of Commerce Division of Real Estate

@Dave Foster can help on the division of deferred gains.  

I do know a good bit about development because my father has done several sub-divisions on his own over his life as well as my professional job as an architect gives me a very unique perspective and knowledge base that most people in REI will never have.

(e.g. contiguous)- Comprised of 4 parcels:P1 - 70 acres with 2250sqft 200yo house and 20yo barn.P2 - 35 acres with under conservation easement.P3 - 5 acre minor sub division home lotP4 - 5 acre minor sub division home lotSITUATION- Seller is 70yo and retiring in 2019- Seller has heIrs who are absent and uninterested in owning the property (will eventually sell inheritance)- Seller is a frIend and neighbor of the famIly- Seller (and our famIly) have preservation/non-development hopes for land in the neIghborhoodOUTCOMESFor the Sellers:- Immediate cash lump sum (property needs some work)- "Guaranteed" monthly/annual payments for deal term- Retain ownership and occupancy of real estate until they vacate- Seller retains ownership if buyer defaults- Continuity of neighborhood legacyFor the Buyers (us):- Acquire property rights- Fixed sale price- Known caretaker/occupant- Continuity of neighborhood legacyDEAL OPTIONS- $450-500k sale price- 10% down- 20 year term- 0% Interest- Land ContractThis seems like a good option to consider in terms of managing tax impacts to both parties, but at the cost of fewer “ownership rights” for both parties.- Seller FinancingThis seems like a good option to consider in terms of better “ownership rights” for both parties, but at the cost of trickier tax implications.

Reason being is it could take YEARS for sub divisions to fill out.