One of the things he related to me that caused him to start considering it was the almost certain potential of a major increase in property taxes in general, a proposed increase in the state income tax from 3.75% ( a recent increase itself) to 9.75%, and the State making compliance with Dodd-Frank/the SAFE Act/and other lending regulations, more difficult by changing the licensing authority for making chattel loans on manufactured homes.I am still investing in Illinois communities in part because the way the homes themselves are taxed when placed in a manufactured housing land lease community makes them a housing bargain to the purchaser and the difference in the way they are taxed and the way a similar sized single family residence would be taxed more than pays the lot rent to the community.

My understanding is that lead abatement takes time and could open a can of worms once the walls are opened (electric circuit compliance etc).

With our system, we know we are in compliance with HUD regs/rules. 

This was all done through an MLO and title attorney so in compliance with DF.  

For example, the leak of credit card information at Home Depot in 2014 was due to insufficient PCI DSS compliance.

Same in the servicing issues.A small investor, or one who does one or two deals a year certainly can't afford the registration, licensing and compliance issues of someone doing 20/40/80 deals a year.As to #8.

There was a guy who did a podcast, if you go by that, you will screw up, it's full of misinformation and he isn't aware of financial compliance, that's way above his pay grade.

The submeter company should provide regulatory assistance to keep your property in compliance with local rules and regulations.

Has you dad given notice that the lease is being terminated, and done that in compliance with the lease terms?

Working off that report, I fix all the issues that were flagged as not being in compliance.