They aren’t moving to pay the same.

With LLC we pay the $800 CA franchise fee every year, correct?

If this tenant is actually a friend, surely they'll understand your position and either pay the higher rent or find another place so you can get up to market rents.

The tenant who wants to return has also been a very good paying and clean tenant.

You'll probably need two years of tax returns of paying taxes in USA to qualify. 

I have a stable and relatively high-paying job with savings and I’m ready to invest.

I joined bigger pockets a while back but had to focus on paying my way through school and passing a dual major in Chemical Engineering and Paper Science Engineering.

That said, I know a few MHP operators that make some pretty tremendous money on the trailers, mostly by renting to people who need to pay in cash and have someone not ask a lot of questions - illegal/undocumented immigrants, transients, probably some criminals for sure, sometimes people (mostly women) hiding from domestic abusers, etc.

CONS: 55 and over community, tenant paying below market rent, the community board is untrustworthy and are accusing us of not paying HOA dues for 2 years, but that's a whole other issue I need a lawyer for.

Here's what I got going on so farCreated my Company "Coastal Sunrises" which focuses on STR Management/co-hosting, and am in the building process right now for my systems and I'm essentially looking to build every one of them to scale with so I am okay with taking a hit to profits immediately if that means paying employees/va's while I'm not managing a ton of properties.