The SFH is outside the city limits and taxes are much cheaper and the condo regime fee is a killer.The condo is vacant right now and in good shape to sell.

The owner will have an idea of what their terms are so be prepared Owner financing has a lot less costs than a bank  including  mortgage insurance ,lender fees etc 

Is there a way to avoid paying the CA $800 franchise fee since I do not file CA state income tax?

You are charging a daily rental fee and they are spending one night.

Looks like they invest their clients' money entirely in ETFs as opposed to mutual funds, so there's less fees because of that and their ability to serve more people online. 

How do you work out the handling of contracts and fees between the two of us?

How do you work out the handling of contracts and fees between the two of us?

Do you charge application fees?

Now , you will have to add value for the homes , so this will depend on age/condition etc but lets say 20k per home  so 200k on top of the park value will make the "package" be 2,067,764.In this example rule of thumb, looks like actual expenses are close to rule of thumb ( now you are going to want to make sure that you have all expense factored in such as mgmt fee 5% , plowing etc). 

"Must have 3X monthly rent in pre-tax income and a 650+ credit score"  In addition, I have the applicants pay the $30-$40 fee to have me use the following website "https://biggerpockets.mysmartmove.com/" to screen their credit.