There's a remote chance that the person who can't afford their payment can somehow afford to relocate the mobile home, but that's a VERY remote chance, offset in part by the higher interest rate, and in part by the surplus revenue received from the low vacancy produced in the park itself. 

You'd have to find a person familiar with MN tax laws to address how the CA-sourced income would be taxed on the MN returns.As to the LLP/LLC question, LLPs require a general partner, which usually has unlimited liability. 

Both in our business lives as well as personal. 

Personal and Professional Liability - Florida’s premises liability law requires landlords to maintain their rental property and protect their tenants and their guests from harm.

I was using Mint to track my personal finances, including real estate transactions and net worth, and found it really useful. 

Everybody gets started a little different than the next person.

Is that for your entire personal tax return with the properties included? 

I looking for any personal experinaces you are willing to share with me the good and the bad not wanting to look at this investment through rose colored glasses.

My son lives in Davis County and has his own personal window company and 12 houses worth $500,000  in great neighborhoods. 

I seriously doubt this will be a huge boon to the real estate market.