Maybe there is more to the picture than what I am seeing.

My attorney said the reason for that was that the seller then could try to raise the price to cover the lien, and sell to another buyer, in the hot market.

So long as you can cover the negative while living in one unit I would probably do it.

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 would give you clear pictures of the area.

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?