None of the LPs in the fund are real-estate professional and they are all highly compensated director and C-level executives that are in the upper tax brackets from an income perspective. 

It's not necessarily easy or straightforward, and requires the cooperation of the management company and Board of Directors to do but where it can be done and makes sense, it's a worthwhile strategy.The two big metrics, one of which Russell pointed out already, are the delinquency ratio and rental ratio.

I have already contacted the Director and was able to get some information.

(a)Subject to lawful compliance with this Code, a manufactured home may be placed, or permitted to remain within the city, if and only if, it is situated:(1)In a manufactured home park which the operator is licensed to operate pursuant to article III of this chapter;(2)In a duly platted and recorded manufactured home subdivision that meets all requirements of article IV of this chapter;(3)In a manufactured home sales lot;(4)Upon a site that the manufactured home has continuously occupied since March 1, 1972, provided that the occupation was lawful on that date, and further provided that the continued occupation thereof does not pose a significant danger to the health or safety of persons within the manufactured home or to others;(5)Upon a site that the manufactured home occupied prior to annexation of the site by the city, provided that the manufactured home has continuously occupied the site since the date the site was annexed, and further provided that the continued occupation thereof does not pose a significant danger to the health or safety of persons within the manufactured home or to others;(6)Upon a site for which a hardship permit is in effect pursuant to division 2 of this article; or(7)Upon a temporary site authorized by the director for disaster assistance organizations used as authorized insection 29-18 of this Code.Provided that no manufactured home may be situated or permitted to remain in any place in violation of any valid and applicable deed restriction or covenant running with the land, or on any site within Districts of Limitations One and Two as those districts are defined in the Fire Code.

Turn key can be a great way to go for the busy "arm chair" investor that doesn't have the time, skills or inclination to do it themselves and unless real estate investment is your full time job, most people can't do it themselves.

Just last week, my marketing director sent out emails to more than a dozen contractor companies in the Cleveland area to understand if we can partner up/work together on our operation (we own more than 350 properties and buy about 20 properties a month)... well, so far we have not received one mail/call back, not even to say 'sorry we are not interested'.

I got a couch and chairs there.

The Director, part owner has been amazing.

This house could probably make a lot more money for you if you just flipped it to a Hollywood director for his/her latest horror movie.

In the 90s Mom and Pops were setting up S-Corps for tax and liability reasons and just ruining them same as they always had, without board of directors meetings minutes of meetings ect. so that's where the therm piercing the corporate vail came from.