A guy saw I have some homes for sale in my park. He would like to buy a couple and rent them out. I proposed buy a home elsewhere, move it into the park and buy one already in the park.
Homes in the park rent for $700 including $265 lot rent, so $435 for the home.
He has some apartment and single family rentals and would find the tenants. I would have approval.
What do you think of this?
How would you structure it?
If the tenant sublets from investor, then we have problems enforcing park rules and evicting - been there when a tenant subletted without telling us against rules.
Tenant pays investor for home rent and park for lot rent?
Investor pays park, but write up agreement so tenant is resident.
Park collects from tenant and pays investor? tax issues?
He is leary of seller financing to a tenant.
Should the park get a percentage of The $435 for the giving the opportunity and keeping an eye on the property? If so, how much?
I have three homes for sale and several vacant lots so I would like some investors to get some homes in and some vacant homes rented.