Hi Sara, Ultimately, the decision to keep the property as a rental or sell it within the 5-year window will depend on a combination of financial, market, tax, and personal factors.

.: Are you expecting the California government to use taxpayer funds wisely, the same government that spends $42,000 per homeless person?

Here is one I added to this list specifically resulting from this transaction:      Are there any persons or pets presently living in any of the units that are not included in the lease agreements?

That all revenue generated would have to stay in the company and couldn’t be used for personal things.I’m trying to find a way to use my God given talents and the only one I seem to have is in Real Estate hahaha.

Personally, I don't consume my cashflow so I have had reserves when I needed them. 

In my experience, the water company will give the person paying the bill a credit for the overage caused by the leak.

Nice part about SMR is they accept money orders (which we know many MHP tenants like).Never collect rent in person.  

I'm going to go against the grain here as I often seem to do...I personally hate the traditional turnkey model.

Mainly, the LLC prevents a loss from spilling over into your other investments or your personal finances in many cases (though not all).

Personal credit and assets will also be used and the amount of assets you need would depend on how many properties you currently have financed.