But that doesn't erase the fact that the rental income received is taxable.

The gentleman Chris Koerner seemed well educated on the topic (mobile home park investing) and he gave enough information and follow-up documents that you could take the information and run.

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

Beside investing their own cash on the same terms, the sponsors return should be heavily weighted toward “carry” (receiving the bulk of their return as sponsor in the form of an interest in the property rather than cash) with that carry subordinate to the investors receiving their investment returns PLUS a minimum annualized return.

I've asked BP why several times and never received an answer.  

I agree with y'all.The parents need to have will or any kind of trust document before they die, if they both died and have no documents, the house will go to probate.Having trust will help to avoid probate.  

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?

A website like Pet Screening can help you verify and document pets to ensure they’re a good fit for your property.

My uncle has done 84 percent for the last 14 consecutive years (these numbers can be proven  and have been well documented) .

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