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.

Until Detroit gets good leadership, has money to hire 4x the police force and crime decrease for about 5-8 consecutive years, its a speculative investment. 

As that ration decreases the investor's knowledge must increase.

If you do elect sub-chapter S, then your profits will be split between a salary and distributions - distributions are not subject to self-employment taxes and therefore decrease your self-employment tax liability. 

I have no facts to back this up, just a rumour that I saw on BP and elsewhere.Until there are some sustained movements showing a vacancy decrease in downtown commercial office space I wouldn't risk it, but that is just my tolerance level.