Building homes always comes with surprises but the best part is that our clients don't feel any of that.

I don't get a great taste or feeling about the MHP sponsors mentioned based on this.

It may be a tough pill to swallow if you feel you’re totally right, but you may be surprised at the LEGAL opinion rendered by counsel.  

This is a "me" assumption: I assuming that I made a mistake somewhere in my analysis, so please feel free to show me. :) I learn a lot more from my mistakes than what I (very occasionally) get right on the first pass.

This included modernizing the kitchen with high-end appliances, upgrading bathrooms with spa-like features, and adding hardwood floors for a luxury feel Lessons learned?

If leveraging equity feels too risky, you might consider using a portion of the equity to fund your next property while keeping reserves intact.

I am out of state and the only way that I feel that I can get people to walk through the properties are if I find them on market and have Shawna write up the offers. 

I feel a loss of direction and that makes it really hard for me to focus and build.Do we keep at building a portfolio of small multi family (very abundant in my market, very rare to find anything above a triplex for sale), with plans of selling the portfolio and 1031'ing into larger properties? 

Feel free to reach out!

You should invest where you feel you have a competitive advantage.