Basic instruments will be a few grand, gps system $20k plus.

You need to monitor their progress.

@Deren Huang buy security monitoring signs and put them in the yard and on the doors.

IE a little thingee that will light up on their dash that says a payment is due and if the payment is not made the car is disabled.. and of course GPS tracking so they can take the car back.. the other risk I have seen personally is you get a bad dealer and he sells the cars pockets the money and never pays you the lein holder or transfer title t the new car owner.. that is right out of FARGO.. but I new a new car dealer back in the 80s that did just this same thing.. he was a new Chrysler dealer..

Hardship and grandfather provisions are typically included in a rental restriction, so monitor the discussion and proposed language, should your board contemplate the restriction.

You can manage any park from far way just as long as you collect all the rent every month, paying all the bills every month and making sure they are always about the same cost per month, keeping the park 100% occupied (or close to it), making sure the homes and the park is cleaned and well maintained (your manager should be taking care of this and you video monitor it), and finally if you have the tenants pay for water and sewer just make sure you are collecting all those bills and make sure that w/s bills are under control. 

I have faith you can do it.You need to monitor interest rates and your credit rating regularly anyway.

Its these reports I monitor each week to get a feel of where things are going is it still a sellers market and is the trend going to buyers or neutral.  

Because of it's use the Fire department/Bldg Inspector insisted on a security system with alarm monitoring direct to the Fire Station.

You’ll want to ensure all RV sites have adequate and working hookups along with amenities (bathhouse specifically) to accommodate short term stays if an option.You will likely have someone in the community run day to day operations, because it can be a cash business you need someone you can trust but always monitor the books!