After that deal closed, he called me to handle the sale of his other properties.

If you go that route, ensure to use a Qualified Intermediary to handle the sale/purchase otherwise there will be no 1031 exchange. 

Hi Allende, my firm handles property management here in Miami.

I'm not underestimating the work and unique set of challenges that come with it by any means.

However, after renovations, the numbers improve significantly, and the challenge lies in bridging the gap between current and future performance.Expenses typically run at a 30-50% expense ratio for mobile home parks, depending on management and infrastructure conditions.

Challenges?

Challenges?

Tahoe isn't ideal right now as the local community is vehemently anti-Airbnb and the permitting system is challenging to navigate.

Sounds like a challenging situation all around I would  not cancel the deal, but if he dies and it goes to the estate and probate you may want to start looking for something else just in case...Best of luck. ...

My Property Manager isn't sure how to handle this, either, so I thought I would ask the community.