Right now I'm pretty much treating it like a savings fund - 'only' $150/month (this should decrease) for a fully paid off condo in 22 years time.  

However you could finance 100K(plus any closings) which would provide the cash to pay the 20K back.Where people get in trouble is when they do the opposite - pull out cash and decrease the amount of their loans - that is called a taxable boot. 

For more information, see Publication 946.The following items increase the basis of property.The cost of extending utility service lines to the property;Impact fees;Legal fees, such as the cost of defending and perfecting title;Legal fees for obtaining a decrease in an assessment levied against property to pay for local improvements;Zoning costs; andThe capitalized value of a redeemable ground rent.Deducting vs.

Topic include anything related to landlording, i.e. security strategies, best key system, ways to increase revenue/decrease expenses, and about a million other related subjects.Who do you know in MA or who may be willing to travel to MA?

A partial exchange can work very well if your profit is high and you want to decrease the morgage or pull out some cash and still get the tax benefit on part.BTW - I get the feeling that you're pretty savvy on this but it bears mentioning that these two requirements for a successful exchange are only part of a very intricate process with several other requirements that have to do under the direction of a qualified intermediary.  

The rents are so solid(and will not decrease dramatically even with an economic correction) that even should the market turn, they will still supply solid cashflow.

If you go after new homes or areas in high demand your ROI decreases but you have a much greater chance of appreciation.  

I put that in writing and when they reach out to me - I now KNOW they are interested and then I will do more research and may increase/decrease my offer. 

@John HixonThanks for the kind words@Mark KvamThe following people I think should be consulted regarding your mobile home park purchase@John Fedro@Curt Smith@Ken RishelMaster lease options in general is where we "guaranteeing the net operating income NOI" on a master lease, have an option to purchase based on NOI, and then turning around the investmentAll leases are turned over to you as a master tenant and you in turn sublease  outThink of a poorly managed apartment building, with a low NOIYou increase rents over time and decrease expenses and efficiency of managementWith a master lease option, you can sell your option or exercise your optionMobile home park negotiations, I would think that that's a late sale and purchase agreement with a large down payment would be the most prudent way to approach it, you may need private money to execute the  sale and purchase agreement@Bill GulleyMight have a few ideas too

They simply decrease the profit you'll report when you sell.