Only thing I would change (which you covered) if getting those utilities separately metered and paid by the tenant... 

Does the rent you receive only cover your mortgage minus the $40 you pay?  

Without a personal guarantee you then have no leverage to negotiate an early termination buyout to hopefully cover your lost rent, leasing commissions, and future tenant improvements to land another tenant.Net worth of guarantor and how easily it is to attach assets is key.

That's what a Crime Free / Drug Free addendum covers.. you should include that on  your leases.If your fined pass the fine on to tenant.I'd give them a mutual lease termination notice out in 7 days or you could file for cause..

Our business plan that I wrote before embarking on this journey already covers most of what the operating agreement will address.

YoudoWhats lot rent rates and does the park cover garbage and snow removal?

We include a 2 year warranty that covers ALL parts and labor to give you peace of mind.

We include a 2 year warranty that covers ALL parts and labor to give you peace of mind.

You will pay for your own title insurance this way, but the other fees make it lmost a way, but more impoertantly you will get a more thorough tile search, and less exceptions ((things not covered) in the B Section under Exceptions in your title policy//committment.

They are only willing to finance a small amount as they say the money down they need to cover the taxes owed from recapturing all the depriciation over the years.What are the rules on recapturing depriciation when a seller wants to owner finance the sale?