@Christopher Lee to my knowledge this is not a common thing, it may be that being based somewhere else allows larger cases to be handled in courts in states more favorable to landlords, but most cases (if you have any) will not rise to that level and likely not be worth the additional fees of setting up and maintaining the structure. 

Lets use a case study:Property purchased for 3M, yielding 210k NNN.Cost segregation study- allowing for depreciation of 210k in year one.Net income post depreciation = 0.

Once laid off I started studying and received a network+ and security+ in about 6 months.

I may not have years of experience but I recommend that you do not enter real estate investing until you have spent a few more months studying it.

If you could rent it for $2300 once you pay taxes and insurance and other costs, you’d have to use the BP Calculator, I think you’d have a nice cash flow to help with your mother’s expenses.Of course you’d have an upfront cost to get it rent ready but Home Depot and Lowe’s have inexpensive good quality laminate plank flooring that’s easy to maintain and lasts so much longer than carpet.

If a tenant is responsible for lawn care, they should be responsible for providing the mower and maintaining it.

Keeping the property as a rental will allow you to maintain a low rate low term note.

I'll be in charge of all of the cash management and other administrative matters related to our partnership; this will obviously require less ongoing time than his commitment.We're trying to think through how to fairly structure a partnership that reflects that he'll be committing more time to maintain our partnership than I will. 

Hi, I'm Max and I've been studying and educating myself on real estate investing for about 6 months now.

If the park is more of a MHP model, and there aren't many daily's, then I'd suggest trying to maintain more of a monthly model if the cap rates are that much higher.