Make sure you have some clear agreements written, or even signed depending on your trust level.  

Do the leases revert to month to month if they don't give you notice of if they want to renew or not.You may want to research landlord-tenant laws in San Pablo but I know that in Oakland and San Francisco (where I have my rentals), I would most likely have to pay out a relocation fee if I wanted to sell, which could cost in the thousands, depending on number of tenants, minor children, if any have a disability, over age 65. 

While this option may require permits for the renovation work, it may be a simpler process compared to replacing the entire home.Ultimately, the decision to replace or renovate the mobile home will depend on your budget, timeline, desired level of customization, and future resale value.

Compensate them for the work after it's completed to your satisfaction, just like any other professional.He may require a property management license, depending on what tasks he performs.

You wouldn't put 20% down deals like this, but typically it's a common practice to put some cash in seller's hand depending on how much equity the seller already has.

I think it depends on several factors1) How long does it take you to do the books2) If you pass the books on-to someone else, what would the cost be and would they do it efficiently.I often find it that books for real estate copmanies can be difficult to do so its hard to assume that anyone would just do it correctly.3) Do you enjoy doing the work?

I am in Texas so currently there is not a lot of regulation or need to be licensed here, but rules vary by state as noted above.

@Nathan Gesner depends on the SOW required for RentReady.Your timeline works for Class A properties and maybe 70% of Class B properties.We do many $5k+ turns of Class C properties that aren't getting done in a week - usually takes longer than that for owner to approve the SOW and then send the funds!

People will have varying opinions on this, and it can go either way.

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