Thanks Chris, the layout is rather irrelevant to the issues of title, easements, remaining lots available, value, regulatory controls, etc.

It's a tough State to foreclose in and you'll have several regulatory hurdles to clear in order to do business there.

Regs don't often change, they are amended, parts are deleted, but the meat never really changes, you'll find that the more you get into regulatory issues.

Just be sure to check your local housing code.Jaclyn Unlikely it will be viewed as discriminatory housing in Ontario, but quite probable it will be seen as a rooming house and, if that area of London is not zoned for rooming houses, he could have a regulatory issue.The other Dylan will encounter is with {conventional} financing.  

Far more transparency should be mandated by regulatory authorities. 

-credit check (you will be subject to regulatory rules ), but the point of hard money is that the asset being lended on is your primary security - you must be ready to foreclose   -paperwork for professional HML companies is more or less like a standard loan package with some different terms.  

I purchased another park which has 100+ spaces so I could get over 100 in the next couple of years but I have some regulatory hurtles to jump first.

I don't knock building codes because the intent is safety but it does create a regulatory nightmare for startups to bring technology to the masses because of the testing fees associated with it.

That single septic system services the entire park so the regulatory fun we are dealing with while we connect to city sewer could be mildly described as a nightmare.  

Your state regulatory body should have a clear explanation of what is and is not acceptable.