The breed insurance exclusion will give you a reasonable justification, but it could still get messy if they pursue legal action.Id dig into the true status of it being an ESA and if that pans out as "real" then its reasonable to require the tenant to carry liability insurance for the pet

This approach can be more passive and carries considerably less risk than undertaking new developments or flipping properties.

Carry out extensive market research to identify neighborhoods and property types that suit your financial goals.

I've bought most of my rentals utilizing vendor carry back financing (for a zero down option)Utilize Your Network: Use your connections for off-market deals and creative financing.

What responsibilities does each partner carry?

@Matt W.I think the benefits for the 1031 is obvious, especially since you are carrying a bunch of deferred tax liability.Its fine to change your investment tack. 

Those scary looking guys with neck tats that work on those large steel erections at a petrochemical refinery.I don't carry, but peace is always within my reach.

@Carrie Herring The mobile home is very old, so you'd be looking at the land.

Sure, about one in 2000 times, by someone experienced enough to recognize a very unusual situation, having the capacity to act on it, having the financial strength, experience and tract record to be able to attract the needed capital, having the knowledge and ability to structure the deal, having the ability to manage and or reposition the property after purchase, and having the capacity to carry the negative cash flow until turning the property around or obtaining lower cost financing.  

Tell the tenant that his opinion carries zero weight, so he must submit proof from an ACCEPTABLE expert to support his alleged foundation issue.Until then, he will be held liable for the terms of his lease, to the fullest extent of the law.