Your lawyer can provide you with specific advice tailored to your situation and help ensure that you comply with all legal requirements.4.

Should be connected to main sewer system and have it inspected. require re-piping the basement so that all plumbing empties into the public sewer line instead of the septic tank which need to be flash out. 

This strategy requires a solid financial buffer to handle the negative cash flow and any unexpected expenses.

@Ayyoub Reza   There are a number of places to get agreements but make sure you get one that is current and state specific (here, legal zoom, a lawyer, real estate association ) Read your HOA bylaws what does it require to be included.

You can get financing but it must be non-recourse and requires 30-50% down with 10-15% in reserves.  

The more instuitionalized hard money or bridge sources are like fannie/freddie/agency loans where they have minimum requirements to sell their note/paper to investors in the markets.

Even where its legal, you might be required to do it anyways.

I noticed some 1031 intermediaries have stated there is no legal requirement for "time limit" after the exchange is complete to quit claim to an LLC, but some recommend holding it in the same title for "some time."

I have actually REMOVED bedrooms during rehabs to make the end result more desirable turning 3 bedroom units into 2 bedroom to make them more desirable. 

Most lenders don’t consider manufactured or mobile homes real property and there are lots of requirements and stipulations a buyer has to meet to qualify for a mortgage.