Their circle of influence and sphere will utilize them to invest and the license can be used effectively.

@Christian WathneB Neighborhood maintenance is still done, assuming they have been solid tenants and no issues, your lease holds them liable, temps above freezing and furnace at 45, they pay all utilities.

Also, make sure you ask for the financials/budget and meeting minutes. 

It will be reported as rental income.You will also be entitled to take ordinary and necessary deductions used to upkeep the rental business which includes items like repairs, utilities, mortgage interest, real estate taxes, depreciation etc.

I am planning on splitting the utilities so that I wouldnt have to pay for them. 

I figured I would let you know as I believe that is only about 20 or 30 minutes from HobokenGood Luck starting your journey !

So far, a part of my plan is to utilize my VA loan or an FHA loan to secure my first (small) multi-family home to buy and hold here on Oahu. 

The mobile homes and the lots are owned by the park.Gross monthly income is $2,070/monthOwner pays:-Trash is $64/ month-Water is $200/month-Tax is $25/monthTenants pay their own utilities, electricity and gasSelling because it has a lot of equity in it$84,000 with option of seller financingRent ranges from $275 through $575/monthOwner charges a lady who has lived on the park for 7 years the lowest rent of $275/monthCity sewage and city waterAny and all advice on this deal would be greatly appreciated.

Anyway, I established and funded it in minutes because I had an existing acct with a mf co.

@Huiping Sheng  - if landlord is responsible for utilities, you certainly want to see the utility bills.