I had the same issue on one of my tree farms in Oregon.. only in the reverse..I subdivided the front 110 acres into 10 lots..

You are providing someone with a home so make sure, house numbers are clear in case of emergency, all window and door locks function so you can't get blamed for a robbery, document that the water heater is set at factory setting so no baby gets scalded, document there are no trip hazards, document there is no danger from falling/dead tree limbs, no culverts a child can crawl into, no access to the attic that can cause a fall, that the garage door safety features are working, that there is a fire extinguisher(required by insurance btw), and smoke alarms that work, etc, etc, etcHave tenants sign that they will have and hold renters insurance and document EVERYTHING as far as maintenance, complaints and resolutions etc.

They were also going to remove some trees in the backyard because there was some overgrowth and I just didn't like the look of it.

There are those people that will only buy new, and many others want upgrades and larger trees, and buy "used" or upgraded homes, which is our market.

Owner pays water and trashGas and electric handled by city and submetered 45 lots40 lot rent1 free lot to manager and he makes 550 a month3 park owned 1 vacant2 lot only vacantLot rent at 160 but increasing to 185 soonPark owned homes rent for 380-420Paved roads extra land to build possibly2016Gross last year was 80k and expenses were 70k= net of 10kExpenses included 18k for utilities and almost 30k for repairs and maintenance of which 5k was allocated to rehab of a rental trailer, another 5k on sewer tile repair, 3k on tree removal, 3k on a water leak and another sewer repairPayroll was 8500, trash was 2500, taxes and permit 4200.2015 numbers65k gross49k expenses.

However, like all businesses, if you take the time to build a good business, it becomes a very nice operation to own while your sipping tea on a beach somewhere.

I have talked with her multiple times and did some problem solving, she's a manager at a Dollar Tree.  

I know that we'll need a CPA to get official advice, but I'd like to have a general idea of how it goes before going into that meeting.1) There are a lot of expenses not relating directly to the construction of the home, such as permits, construction of utility lines, tree clearing, surveying, etc..

They are 93 and 87.I am managing their home of 70 years which consists of 1 acre with a 4-bedroom, 2-bath home which needs updating, grounds, trees, a 4-car garage, a shed and an adjacent .6 acre lot zoned agricultural.  

I joked that I could dump several loads of fill dirt out there, plant some palm trees, and create some islands which I could sell once the lake fills back up.