There are no permits on the property so likely no previous testing or remediation.

I believe you must register as a rental, have it tested for lead, and if the home isn't certified lead-free, you'll be paying for testing between each tenant, so you'll need to add that expense into your calculations. 

.$505,882 in real value plus $90,000 of personal property = roughly $600,000 in value for the park as it sits.Your upside is in filling the remaining vacant lots, pushing the rent to $250+ over time, and renting the 6,000 sq. ft. building.Your greatest risk is the private water/sewer system, and the demand in a metro of only 33,000 (TEST AD ESSENTIAL).The potential value of this park is 25 lots x $250 x 12 x .6 = EBITDA $45,000 plus 3 stick builts x $600 x 12 x .6 = EBITDA $12,960 plus 1 commercial building $1,500 x 12 x .6 = $10,800 = TOTAL EBITDA OF $69,000 AT 8.5% CAP RATE = $811,764.The risk/reward scenario is decent because if you pay $600,000 and sell off $90,000 in mobile homes, you have $510,000 in deal and, assuming 25% down, you have invested $130,000 down and, if you can bring the park fully back to life, you have a profit of around $300,000 on your investment of $130,000, which is about a 2 x multiple which you should be able to harvest in less than 5 years if you work really hard and did great due diligence.

Sometimes a tech has to test your old system and then test the new system for you to get the rebate; sometimes you just have to fill in a form that lists the model numbers of the old and new equipment. 

If you are just testing the waters , agin NO it's not reasonable.It's reasonable to pay a retainer if your answer is anything but YES, I'm a ready willing and able buyer or seller.

As you can guess, all of these activities are highly capital intensive. 

My guess is that this new ordinance is mostly aimed and written so that there was an actual code enforcement mechanism as I don’t know if they had an official Airbnb fine before.So if you weren’t following the rules before it was a less intense code violation.

The idea of being able to put as much time and/or money into a job and reap the rewards seemed like a good way to test my own potential.

If you do not complete extensive research then you are just guessing what might make an impact implementing into your property and business instead of having a high likelihood of knowing and stacking odds into your favor.Hotels are a more intensive asset class that can require daily management versus other commercial asset classes so you have to make sure the reward far outweighs the downside risk.

She spent $650 to do asbestos testing on my house to try to f*** me over, and now she's too cheap to hire a truck mount steam cleaner for $110.