The key is that he or his disregarded LLC will have to take title to the appropriate amount of replacement real estate initially. 

But not sure that is appropriate for owner occupied properties. 

On top of the difficulty, it is rare to find an appropriate parcel of land that has the proper zoning or would gain favor from the municipality with respect to re-zoning. 

One key factor from what I understand, at least in North Carolina where I invest, is the area must be zone appropriately to open up this option.

The current three leases have been below market for years and I will need this fourth one to balance my cash flow a little bit.My question is what is an appropriate budget for a project like this because you can get the cheapest carpets in the world or put in nice decent quality flooring all around.

However, there is a case for RV parks that more closely mimics a MH park when the location is appropriate for a full time living solution.The nature of RV parks can also vary across a wide spectrum.

Sec8 is easy 4, direct deposit on the 8th, the task is screening for the appropriate renter. develop your system- reach out to housing authority bc in some states they have to walk the property before you take vouchers from tenants Best of luck. 

At some point you'll get that result but in the early stages, there is no better investment than educating yourself and working hard on the business model so you have usable reporting, adequate income, appropriate expenses, quality tenants, and good firewalls.

We should meet up for coffee one day, or, maybe more pandemic appropriate, a zoom call.

A few streets over from my rental property,  a similar unit in a duplex went up for rent at market price.As a fairly new landlord, it seemed appropriate to schedule a walkthrough with the landlord to check out what types of finishes are used to be able to collect market rent in this area.