Only allow licensed and insured contractors tow work on your property, especially something of this scale.some things that can go wrong here: you reduce rent to 1400 for one year, then he moves out and files mechanics lien because he says work was worth more than 1200...he tries to claim you cant ever raise rent because of this....his idea of quality work is different than your idea of quality work, and now your already stuck in a lease for 1400 a month....he feels since he did this work, you owe him or he starts doing work on other things without approval....the list goes on.While I don't recommend it, you can allow him to do work if he is licensed and insured, but keep everything separate. write up a lease for 1500 a month, then a contract for scope of work, offering 100 credit per month for a certain number of months not to take effect until you sign off on quality of work. this allows you to separate income and expenses for tax purposes and capital improvement tracking.Honestly, there are too many negatives, too few positives, and too much work to recommend allowing it.

Fact: there are over 30 communities in the US that sell new homes in their land lease communities for over $300K and none of those are in California where there are manufactured homes selling for over a million in land lease communities.Without a financing mechanism, you will always be at a serious disadvantage.

This is the best way to learn the mechanics of the deal.

My name is Nick, I am a mechanical engineer in Portland, Oregon...looking at REI as a way to supplement my income and retire early.

Your realtor can check a system called Realist to see if anything besides the foreclosure shows up but Realist won't include things like mechanics liens.   

I have a retired veteran in one, mechanic, insurance adjuster, dental hygienist in them.

The DADU must meet all the Seattle residential, building, mechanical, electrical, and energy code requirements that apply to single-family dwellings.

Transport Workers Union Local 234, which represents bus drivers, subway and trolley operators, and mechanics, has been without a contract since early spring.A potential walkout could come on the eve of the Phillies' three-game home stand for the World Series, that starts Saturday - creating a transportion nightmare for those trying to get to and from the games.Complete story herehttp://www.philly.com/philly/news/breaking/65941587.html?

It is important to get a good scope on the mechanical systems plus roof for capex.

House hacking seems to be one of the less risky first steps into REI and can give a lot of first hand experience with the mechanics of landlord /tenant relationships as well as how to analyze and make deals.