Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Luck usually happens once as you become more informed your deals will happen again and again.Spend 30 minutes for 30 consecutive days on Bigger Pockets and you will receive an Addict award along with a habit; as well as learning and retaining useful real estate information without struggling.As a reminder Bigger Pockets has various resources such as: ebooks, forums, blogs, webinars, podcasts, keyword alerts, an awards system, a learn section, colleagues, informative people in many fields of real estate, and more.Connect with REIA meetings, accountability partners, and mastermind groups.

@Torrie Hicks The number of properties should not be the main focus, the amount of income you generate from each property is far more important, then retaining and growing that income from your business should be your plan.

We are entering this space and are retaining a MHP Consulting company for off-site management responsibilities and they become part of our team, so when applying for commercial financing (if not going with seller financing) then their 40 years of experience goes along way for approval.

Common fees will include a set-up fee, leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Understanding can be difficult to achieve and even more difficult to retain over time.My experience in California leads me to conclude that the most important knowledge you will receive will be from experts working full time within the jurisdiction of interest.  

Sell the MH - retain the land - rent the land back to MH buyer.

Not purely as an investment but also an exercise for my design and construction muscles.

If any cell is going to be a separate entity you must be sure that you do separate accounting for each.I recommend treating the individual properties as "disregarded" to be filed on Schedule E on your tax return.The management entity would need to collect the rent retain it's portion and then deposit to the individual property's accounts From there you can feel free to transfer it to yourself.

They actually retain 97% of their loans in house - don't sell to a third party.