I love parks and duplexes both and wouldn't do this deal unless the park was close to you and you could convert some of those POH to TOH at rents close to what they're getting now.What are the market lot rents where you are?

This is considered a partial exchange, and sometimes investors don't mind paying the tax or taking (Boot) on a chunk of the proceeds and sheltering the rest in exchange.

Also, Pilsen is notorious for being lower in elevation, and sometimes some of those basement units have water issues....so double check to make sure the building is water-tight.

We invest in northern Virginia and the dc area.

Naples is one of the worst market in the country and in reference to seasonality, this is the worst time to be listed.

Finally, successful management always comes down to knowing your profit margin before you start and closely tracking your timeline and costs to ensure project expenses don't strip away that profit.

I do a full check with an apartment mid or long term. 

Check the definition of allowed uses in your property's zone.

You’re already ahead by owning and renting out two properties.

In my mind it is a small cost to the landlord that doesn't add up to very much agains the bottom line and can deter applicants from applying (both the cost and the hassle).We used the inexpensive screening service that our state landlord association offers and supplemented it with our own calls and checking.