Certainly some contract language can be created to deal with this but it gets complicated and messy.

Joe,Since you've done a bunch of lease-options, in reading up on the tax consequences, it appeared to me that there is the potential for lease-options to get complicated.

But the easiest way to protect the asset, and not complicated and costly like opening a corp.

Of those 10, 2 will be in a position to sell to me, the other 8 will need something more complicated, like a short sale or a sub 2.

Real estate is not complicated.

There is no HVAC vent heating or cooling the space - the previous occupants had a woodburning furnace to heat the space, but took it with them, and of course that's not a good solution for renters.It turns out the HVAC ducts are all in the attic and it would be pretty complicated to drop something down to the basement to heat the space.

Land can be complicated ans there are often all kinds of restrictions like zoning or environmental as to what you can do with the land.

Insurance is another issue.You can partner with the owner as well and you could partner in an LLC (more complicated with these, but there would be no money from you except for repairs).I listed these in order of preferrence that I would use.

All the improvements you have done ;) will complicate thier issues. :)

Lowering the threshold with exemptions seems to open the wild west to the $15K bottom feeders, they'd simply go back to the old ways without any incentive to operate ethically, in that case I'd have a different feeling about it.I do think individual investor/operators are being hammered too hard in reality, but free reign is not in the public interest IMO, due to the dealings of a few.It's a complicated situation, too much oversight or not enough to keep some honest.Now that I'm hated by all MH types, as a compliance type, what is the extent and effect of this proposal?