We are considering a flip in our area to start off but I am curious to hear what others are doing in California specifically.

This might offer more security but also could complicate tax reporting.Taxation of Y as an S Corp:If Y is profitable, electing S Corp status could reduce self-employment taxes, but it also comes with more stringent IRS rules.

Needless to say, they were not offered the unit. ;)

Please feel free to reach out directly with any specific questions. 

Most large PE MHP investors will tell you to only offer on the pad rental portion of the income which assuming $500 each, 25% expenses and an 8% CAP your at $281250.The other way is to offer her the wholesale value of the five mobile homes. 

Memphis offers several advantages that could align well with your goals.

If they're amenable to paying rent, having the offer coming from a lawyer might seem more legitimate and set the right tone for the relationship.  

I do not make such offers often and am surprised when someone does not make use of the offer.  

On Hawaiian island, the number of visitors to Hawaii from the mainland US decreased by 10% but specific islands like Maui got hit the worst by 30-40% (?).

It seems to me that based on neighbors and other peoples experiences with them, they will specifically target and take on people with criminal records and pets who don’t have a lot of options on rentals.