Then adding one final insult to home owners, DORA was supposed to address abusive, duplicative, and excessive CAM fees assessed home owners (pocketed mostly by CAI members) by requiring “full disclosure” of fees in licensing rules.

They will have specific knowledge on the requirements, comp rent rates sq ft, how to add the expenses for (property tax above baseline, all taxes assessed against the lease)The term and when the lease term expires that it converts to year to year renewal with a % increase per annum. 

Using the same contract also creates financing issues later on as the lender must assess the fair market rents in the future, not when the agreement was made.

Some communities get way behind and then send out special assessments.

Hey @Orlando PazThis doesn't answer your specific question, that's really a risk assessment you'll have to make.BUT, check out this podcast:http://www.biggerpockets.com/renewsblog/2014/06/19...I think it will give you a lot of great information about mobile home investing.

A colleague has suggested getting a fico score that qualifies for roof-top solar panel incentive grants. He claims this can add 20% to the ARV of a property because it confers public subsidies  and benefits to the own...

Don't forget you will be charged 2% of the assessed value for non owner occupied.Also, that price sounds like it's right at full ARV or retail.  

In the long run I hope to have rental income enable me to quit my job, but since I'm new to this, am looking to assess over the next two years if this is a viable option for me.  

We went to take a look and assess the situation.

The HOA now owns the property under a trustees deed.Prior to the court steps sale/default of the property to the HOA, the HOA had long since filed a Notice of assessment (2009) and twice the lender filed a notice of default.