.- To utilize the Mills Act requires a few things: An application (not free), inspections, and most importantly a contract with the city in which you promise to rehab and maintain the historic nature of the property.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.

In Illinois for commercial property, property disclosures are not required. 

Actually, they took the dictionary definition and broke up each of the requirements as if they were different ways to invest.

To permanently affix a mobile home to the ground requires a foundation - just “tying” it down doesn’t qualify.  

Do to the state mandates that require 100% reserves in all categories, combined with the rising cost of their neighborhood insurance policy, my strong recommendation is you find out what further anticipated spikes in association dues & if any possible special assessments are looming.

If you don’t know the legal notice requirements for your market make sure you figure all that out before you do anything. 

Portfolio loans generally have a minimum number of properties that are required such as three.

The stabilized properties operate fine without me but the development side of the business requires me 24/7.

Where are you with the city required Certificate of Compliance process?

Quote from @Tim Baldwin: @Nathan Gesner, that form should not be used, as it provides for 60 days notice to terminate a month-to-month tenancy, which FS 83.57 only requires 30 days.It was a ten-second search for an example.