As you've acknowledged, other markets cash flow much better too, producing a better return on equity.I'd go 1031 into a less volatile market.

You can take advantage of the recent volatility.

It feels like a volatile time (generally speaking, I know it can be different market to market).

Buy and hold is lower risk, so maybe that's why it's appealing during times of volatility, good lending rates create beneficial leverage but that doesn't make the deal margins better (artificial returns).

The mtg industry and its various layers underwent many rapid changes over the month of March - one of the craziest and most concentrated period of chaos I've seen in my 19 years to be candid :-)  Rate volatility, programs being shutdown overnight, guidelines restricting (debt-to-income ratios, minimum credit scores, reserve requirements, etc.). 

Current market is volatile.

MH is less volatile than other asset classes during a downturn, but that doesn't mean they are pandemic resistant.

Let the conditions find its new status quo, and that will be in short time.With that being said, nothing stops anyone from being assertive and making offers and using the volatile economy to your advantage.

Many of our friends, that are lenders,are dropping to 50% LTV, but they are in more volatile markets than we feel we are.

But the point is you can use your retirement funds to invest in something way less volatile than the stock market (still with rep-tax dollars).