Unlike the entities visualized by the TF, the entities making the majority of these chattel loans have not “grown dramatically in size, complexity”, but they are nevertheless, “important” to the manufactured housing industry, and ultimately, the consumers who choose to purchase and reside in a manufactured home that is sited on land they do not own.

So now 5 months later with at least 2 more to go, you are out 5 months of rent, $7,000 in legal bills (and counting-we are not even at trial at this point) and by the way, if the tenant wins their case, the insurance company probably will not cover the judgement as it is excluded in the policy.Also, if the tenant decides to call code enforcement and they find mold, now you have to remediate professionally (again not covered by insurance) and it will cost you about $15,000 or more because they have to do the whole building to kill all the mold.Oh, and by the way, the tenant called code enforcement and there is no visual mold but all this is going on anyway.So legally, you may not have to but it will cost you a lot of money when you get a tenant who can play the system.Make the attempt to fix it so you can say you did.Tom

Hey BP,I'm having a hard time visualizing the taxable capital gains on the backside of owning a property.Here's an example to help simplify my question:What gets taxed when you sell a property?

We didn't hire an inspector, it was just a visual inspection around the property with our realtor.

@Justin Herrington- I don't visualize it as bragging.

Quick learner and learn best when it's visual.

And FLIP is a good book if you are a visual learner...lots of details you can relate to your question. 

I'm a visual learner with a lot of project management background and know that sometimes I get too excited about building the spreadsheet so wanted to see what yours was like for inspiration so I'm sure not to go too deep.

My wife and I rode through the neighborhood today, and just visually checked out the outside of the home. 

I deluded myself into visualizing that bag of rolled up yellow letters as a bag full of rolls of money; I just needed to deliver enough of them to make it happen.