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There are also cases where a mix of both self-management and outsourcing is used.For example, the Hong Kong Housing Authority has a comprehensive management structure with various committees responsible for policy and implementation, indicating a largely self-managed approach.

I would lay out the rules and implement that in the lease agreement in which I do for my month to month tenants.

Sure, there are different avenues you can take, but house hacking is the most risk-averse strategy to implement when starting. 

Sourcing and acquiring a sub-to-deal is a full-time gig and challenging to implement in this market.

I intend to gradually develop the park by acquiring used mobile homes for around $10,000 each, relocating them to the site, and performing minor renovations.To make the venture sustainable, I'm considering implementing a rent-to-own model, with the ultimate goal of transitioning to a Tenant Owned Homes (TOHs) setup with $300 lot rent.

Depending on the property itself and strategy you are implementing it may be an up hill battle in these areas.  

As one who started in this business with carbon paper.. then NCR paper  then fax copies that just faded.. to plain paper fax to scan and e mail ..

It can help safeguard your personal assets in the event of a lawsuit or liability claim that exceeds the coverage limits of your primary insurance policies.Tenant Acceptance Policy: Implementing a thorough tenant acceptance policy is crucial for selecting reliable tenants who are likely to pay rent on time, maintain the property, and adhere to lease terms.

Account for future rent increases by implementing value-add strategies and including provisions for annual rent escalations in lease agreements.