.#2 - Don't loan money to family/friends unless you're willing to lose both. 

When COVID recedes, when the equity market loses the mania and prices dive down (possibly dramatically) to reflect future earnings potential, and when people start getting laid off or told that their office is going fully virtual and they can work from anywhere in the country, I have to assume that that is when we are going to start seeing the dramatic effects of the gargantuan pan-American urban/suburban-area real estate bubble burst.

Hopefully this isn't the wrong way of looking at it since I obviously am not trying to lose money, but at this point in time I am just looking for experience so house hacking a condo seems like the most inexpensive (realistic) option for me in my area. 

Just curious as if he did, you should be able to go after him and he would have incentive to rectify or lose license.  

That’s a lot of potential business I could lose over a simple misunderstanding.  

Just remember, you have nothing to lose by making an offer, so go for it!

Hello BG community, I'm very new to real estate so please go easy on me :) I am currently trying to sell/gift my home to my parents (I do not wish to make any profits from this sale, nor do I wish to lose anything).

In this worst case scenario, I'd still get a fair wage for the work I put in rehabbing like any other job I would have done during that time and only lose out on the payout in the end.

If you can sell the homes for 20k each, that is a value of $460,000 for the homes, resulting in you having paid $840,000 for the park, meaning $66,240 / $840,000 = 7.8% cap rate for the parkIf you plan to keep all the homes as park owned rentals, your expenses will be a lot higher, your tenant turnover will be a lot higher, and you lose all the powerful benefits of MHPs.  

Not starting is worse than losing money.