The 1031 must be reflected on the settlement statement.

Borrowing: If you have an investment or business that makes more money than the interest rate costs you on the debt, it might make sense to get a loan to multiply your returns.

I forgot to mention, it's meant to be turnkey so they manage it, and their split is 10% of gross income before all costs and debt service etc. 

You'd be borrowing a slightly higher amount but your monthly debt service could drop by a few $100s. i.e.

To be fair however, I'm looking for permanent debt on a mobile home park I own in which the trailers are also included in what I own.

So if someone tells you, it does not matter about liens behind you - it does.There’s one more ; the borrower has increased debt service and when it either turns negative or leaves nothing “in their pocket” they may lose interest in the property, decide to stop paying all mortgages, and put whatever income they can into their pocket until they lose the property to foreclosure or one of the lenders obtains a court order prohibiting such.   

With your income and plan to pay off student debt, you’re in a strong position.

The last time I spoke with the lender, they advised they have closed the account and will only accept a settlement offer.

It's not really a benefit to be confusing.What they want to do is have the property transferred into a trust (days, hours, minutes) prior to settlement.

Essentially there are investors out there that can build a large enough portfolio with little debt that can cash flow enough for a great life.If you want to scale to many properties then you will want to consider leveraging your existing properties.