For me it's all about having a great cleaning person/crew.Homeaway and Airbnb make it easy to keep an up to date calendar, accept payments, refund security deposits.Then nice to have are automated locks (I still use a lockbox), security cameras, wifi thermostats.You need great pictures and descriptions, you need to be responsive to inquiries and issues.You need a great location so that you have demand at your property.I think this is the Cliff Notes version.Take up Lucas Carl on the phone call.

We didn’t anticipate the coin machines or the changes to the yard, so we never asked for anything in writing unfortunately :-/ On that note, the landlord said he “had to” put in coin machines because it is a multifarious unit of 3 units.

1% is noted. 

Does converting the home into the LLC absolve us from any liability and/or from the Mortgage note or are we still on the hook? 

(Side note, I had the option of buying a duplex in what was a so-so neighborhood in Philly back in 2009.

(Note this is not an advertising selling the property).

Looks like you are in a good position to control more real estate  if you get creative ----You have $555,000 in potential equity ----- short on cash - but with that equity you should be able to leverage yourself into lots of real estate.Here are some ideas for you:create a blanked mortgage on some of your equity - pull out $200,000.00create notes on some of your equity - simple to do - have a title company created a note, give yourself some good terms, like 3% interest, interest only with a balloon in 7 years.

When I evaluate a park, I value the land (MHP itself), park owned homes, and park owned notes (seller financed/rent to own) all separately. 

But I truly enjoy comparing notes with others that have a similar background.  

Our HOA documents clearly note that any structural change or change to the exterior of the home requires written approval of the trustees.