Try to find something that has a value add component whether it be updating to force appreciation or something that is mismanaged that you can go in and easily raise rents fairly quickly.

I currently work for a sub-sea robotics company managing the engineering park where I facilitate all necessary testing on prototype components prior to production.

A fellow landlord (Massachusetts) told me if my tenant mows the lawn, I need workmans comp on each tenant.  

The tax benefits of owning the actual real estate is a very substantial component especially if you are a "qualified real estate professional" defined per the IRS tax code.

So I've been in Memphis for a week and getting bids on various components, HVAC system being one of them.

It is actually fairly easy if you view the property as a number of separate standard components.

Hopefully for your sake there is a value add component to this deal.

During the home warranty period, if ever a major component breaks, ask your rep to "cash you out" meaning they give you the money to do the work, and you find your own vendor and do the repairs.

The first thing you do is to acknowledge that lot rent and POH rent have nothing in common, and break the park into two business components: 1) real property (lot rent) and 2) personal property (POH rent).

. - if there is a new (additional) tenant they would have to go through new applicant screening2. provide notice to vacate Looking for see if i am missing any component of the next steps in this very delicate situation.