If you handle it correctly the park will most likely do business with you again.There are a lot of fine points to being successful in the mobile home business that don’t exist in regular real estate.

There are two components of management for you to consider: onsite and offsite management.As it relates to onsite management, the common and most generic strategy is to interview the existing tenants to find a capable, trustworthy, willing resident to be your manager.

In either case, you should verify that you are eligible to transfer the funds from your existing retirement account (e.g. if the funds are in your current employer 401k, you will likely not be able to transfer until you quit your job).

ACTUAL Gross Rental Income: Based on Existing Rent Roll Submitted by Seller on 11/8 8 units/2 bedrooms @ 818 building $ 71,244 $ 742.13 8 units/ 2 bedrooms @ 842 building 71,064 $ 740.25 8 units/2 bedrooms @ 850 building 70,884 $ 738.38 $ 213,192 $ 740.25 Other Income-Washing Machines Est.

Therefore my suggestion is your client first determine exactly what is required to get the existing ADU converted to a legal, permitted ADU.  

I think it's the former since land is already factored into the existing assessment, but I just want to confirm.

Gets you more comfortable going to areas where the best deals exist instead of forcing a deal in your area.

Has anyone been able to utilize the new ADU ordinance 4936 rules to successfully get a permit on an existing Ohana or add a legal Ohana to a property?

The availability and prices of building materials could be impacted for new development, but for existing real estate and long-term buy and hold rentals, I don't see a major impact.

In either case, you should verify that you are eligible to transfer the funds from your existing retirement account (e.g. if the funds are in your current employer 401k, you will likely not be able to transfer until you quit your job).Considerations in Setting up a Solo 401k to invest in real estate:1.