However, the income requirements are slightly different for a section 8 applicant and will be screened according to the regulations put in place by whichever Housing Authority issued the Section 8 to the applicant.

The property is located in CA FYI, since I know regulations vary from state to state.Thank you.

Before you or anybody can answer this question well, look into the zoning regulations for the property. 

With that said, if you plan to use a 3rd party, make sure to find a company who specializes in parks and is familiar with the state regulations. 

The cost of a 1031 exchange is not regulated by the fed. 

The fact that Seattle is very hostile to landlords right now (various existing regulations) and would pass rent control tomorrow if it were legal statewide  (wait for next WA legislative session... we will almost certainly get something like what OR has and CA is getting) should be foremost on the minds of anybody looking to take advantage of this as well.

. $1000 fines for one too many cars.https://www.sfchronicle.com/business/article/Tahoe...Seeing as you are in a commercially zoned area, you might escape some of the regulations and they seem to be directed at residential neighborhoods.

If so then a good structure would be if the partner puts up the deposit, you would get paid market rates for your time for doing the work then you split the profits upon sale.If you can borrower the principle and only need down payment money then you could just offer a 6-8% preferred return to the investor putting up the deposit money and you keep the profits.Either way make sure to have an attorney draft all your partnership agreements and make sure you are in compliance with SEC regulations etc.

You should be aware of the current city regulations as well as upcoming possible changes and have a back up plan (which can be said for any investment!)

Also in the condo docs read the rules and regulations to make sure you can rent the unit out and understand your responsibility if tenants cause problems with other owners.