Sometimes reserves are a component of how to recognize the carryover balance if it goes REO.

Travis, the lead testing is one component in the certification process.   

This is a business, and it's an income stream for us so I don't take this component of the text lightly at all. 

(i.e. maybe sell off one of the three components, but stay in the rest?) 

The property is identified, negotiations settled, title company selected, just looking for guidance on the operational and legal components of the transaction.- Afford 10 minutes of talk time to discuss the process more broadly, educating a relatively new investor? 

Sponsor selection is the most critical component.

Boiled down to it's components it's a pretty straightforward 1031 scenario.  

Here is what you will need to run numbers:Price, Rental Comps (be conservative), age of properties, average vacancy (look at the rental comps and see how long their average DOM is, add more time for turnover), property management expenses, age of components of house (used to calculate cap-ex), any HOA fees, taxes/insurance/financing costs.If you can get estimates on these you can run them in the BP rental property calculator tool which will tell you everything you need to know.

I would max out a HELOC against the condo now to have available & convert the down payment portions to mortgage components when you know exactly how much your purchase prices will be.

I think MHP investors will buy a self storage component with a park all day long.