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.

Although I haven't personally enrolled in such a course, a single free webinar bridged crucial gaps for me to kickstart my business in the "arbitrage" route.For those inclined towards purchasing STR, I recommend exploring the offerings of the Short Term Shop.

The plaintiff has added me personally to the lawsuit.   

Hi,I have been taking payment from tenants via venmo to my personal account. 

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

. - Downtown location, near restaurants and a 3 min walk to train station- Only 2 off street parking spots, street is permit parking only but there is free parking down the street- Units have just been completely renovated- The city does not have any ordinances against short term rentalsThe biggest hurdles for me are: we're about to go into a slump/down season; potential parking issues; and if one of the other units were rented long term - dealing with the hassles related to that.

Everybody gets started a little different than the next person.