You can always amend articles and the operating agreement, change tax elections (under restrictions) but it will cost you money and time to do so, it may effect accounting or other aspects of operations in trying to make changes in the future.

You will probably have to sign a long term lease with restrictions on moving the home out of the park as well as having a lien placed on the home.

(no more lonnie deal interest rates) (there goes the note business) There are restrictions on how many transactions you can do in a year.

However, for various reasons regarding restrictions about buying real estate inside a retirement account, he suggests purchasing discounted notes inside these accounts and using other funds outside to purchase property.

@Forrest LundstromI strictly impose my break lease fee after being burned by my first break lease.

They can be excellent properties, so long as you don't have to rehab them.We have a historic theater here in town that is on the auction block arising from the rehab costs going way over what was expected.It really depends on the historic nature of a building, the restrictions imposed and your market.

This may be necessary anyway as it seems like the standard residential underwriting becomes difficult to qualify for after multiple properties due to restrictions on rental income qualification and debt/income ratios.

That aspect is directly applicable to all investor deals in rent-to-own, lease-options, CFD and notes.That was basically the intent of the law, to restrict dealers, not so much homeowners in their residence.Like I have said, there are many aspects of the Act that I don't like, it could have been more investor friendly in many ways and still cut out the crooks, I understand investors want to go back to the wild west.If others on here had to clean up as many messes made in seller financed deals as I have they would probably have a better understanding of the issues.

Good points Gary, there are a lot of restrictions, just make sure you understand them and work within the the guidelines.

Secondly, I see its commercial, but are there any commercial brokerage restrictions in your state?