Most of the regulations that went into effect today require disclosures.

Under the new laws/regulations, do I have to honor the said lease or is the slate wiped clean and I can start the eviction process?

Until then, we will continue to do the best we can with whatever regulations we have.

I control the appearance through rules and regulations.

They're just satisfying federal regulations.

However, Mo. and I'm sure most states as well as the IRS have regulations/statutes concerning "sham transaction".

Are there any standard regulations by state or can it literally be whatever the owners want it to be?

I also agree with Marc, insurance should be mandatory and in fact probably is mandatory per park regulations (if it's in a park).If you have seen the end result of a Mobile Home fire, you know that not very much survives, pretty much a total loss.

I would consider the $4200 a better estimate (50% rule) than the overly optimistic $5960.If you're getting people to buy units in an LLC, vs. buying a property or lending on a property, I assume you're done your Regulation D filings and are only offering these to investors that fit within the guidelines of your offerings.

I recently converted a closed out garage back to a garage and it was very easy since it was just a drywall job.I guess this can depend on your county regulations/permitting but then again the easiest thing would be to leave the door.