Dodd Frank is nothing to play with and the lenders in our space recognize the importance of separation between covered loans and those that are not covered.Florida and Virginia are states where an entity is required to differentiate the loan from standard residential guidelines, regulations and laws.Stephanie

Make sure that your property manager is a licensed Realtor or Broker, look them up on DBPR, the department of business & professional regulation.2.

Major repairs were Year 3 - $3800 for HVAC systemYear 4 - $1600 for plumbing issue requiring 6 foot of tunneling in year and $1000 for elecrical panel updateYear 5 - $2600 in electrical repairs2.  

Busted plumbing or storm damage? 

You can have people do anything from plumbing to carpentry to just helping you assemble furniture.

Of the 7 rentals I have had fines for various violations of the rules/regulations for 5 of my units.   

For a lender, that means 22 different laws and regulations at the federal level alone.That does not mean doing what you propose is impossible - it just means you have to be willing to invest time, effort, and money in getting your operation right or face the fact you are engaged in a criminal activity.The other question you asked about parks not working with you.

If not, how old are the major systems (roof and HVAC primarily, plumbing if the houses are older)? 

Are there any laws or regulations that make it a less attractive place to have a rental property?

Seems like there is going to be a lot more labor with option B, due to the plumbing stuff that will go into the way things are placed in the master bath.