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!

It’s my understand the IRS will not be monitoring you to make sure - they look into things that seem suspicious.

I'm residing in Canada but am a dual citizen and ready to pull a trigger on a rental property in Dallas, TX as I have family there who can monitor things when I'm gone.

I start from scratch and monitor who I’m putting in my house and when.

Pool Renovation $17,302 1) Pools resurfacing for 1 pool at Villa Roof replacements $47,525 1) New Roof for Westers2) Roof improvement for Cumberland to eliminate stagnant water Security Systems $9,458 1) Camera monitoring systems - 16 Channels Signs $10,000 1) Temporary Signage for the property Water Heater replacements $31,314 1) 3-4 Water Heater replacement for the property Grand Total $1,348,741See below pictures to see before and after.

Clearly the ultimatum is RUBS is free to implement and only costs a monthly fee to pay a company to do it for you or your own labor to do it each month vs. pay for a larger up front cost to install meters (that is not always cheap) and a monthly monitoring cost.

In this example, the GPs aren't going to do any accelerated depreciation via cost segregation.I see from the investor summary that the acquisition fee of the unit is $20M.

You add aw separate meter which you monitor and then bill the tenants after the fact.

You could always run the deal past a lender and see what terms they have and or check in each year with a lender to monitor rates and options while you have 5 years with the seller financing.

Atchison tends to be a bit further out geographically for our appetite, but we monitor it from a higher level for low cap investment indicators in case needed.