They may have friends or family in the real estate game or trades.

If you want to swing for the fences, install waterproofing around the foundation wall but 90% that is cost-prohibitive.

I can suggest @Gregg Yearwood from Chicago https://www.linkedin.com/in/greg-yearwood-21767722/On such a small property I would perform your own Capital Needs Assesment utilizing local trades and formulate a replacement reserve plan.

It's more accurate to say an LLC is a legal entity -- not a tax entity...at least at the federal level.The primary benefit of making an S election is the ability to reduce SE taxes by paying out a salary to owner-employees.If you're above the phase-in threshold for QBID (20% business deduction) and the trade or business isn't a Specified Service Trade or Business ("SSTB") an S Corp becomes even more compelling due to its ability to pay out W-2 salary and influence the QBID.There are a few other benefits as well as disadvantages to making an S election. 

A flipper/rehabber in the Baltimore area who you could trade a little bit of free labor in order for he/she to teach you a few things.

Asking Price: $800KTotal units: 20 park owned and 3 lot rentNOI: $80,677 (Manager lives on sight and trades services for free rent)Monthly Income: $11,620Thoughts?

It is usually recommended that you rent the property for 12-24 months to prove you had the intent to hold the property for rental income, appreciation, or use in a trade or business.

In fact, I typically do his taxes for him in trade for some help, but in the past he has always had a W2 job. 

Swing it?

The on-going effects of a multi-front trade war make me sweat.I think with the Fed's recent hints that they're willing to pull back rates, we may have some more room to run.