To complete an effective 1031 exchange takes proper planning.I have many clients that owned residential, hotels, businesses,etc. and are now up in years and want to be more passive in nature.

I for one wont respond anymore to anything that name posts.. since the posts are all negative in nature and in my mind mean spirited..  

We are looking for someone to help guide us in estimating rehab costs and hopefully we can begin to work together once we feel that we have an adequate understanding of those costs.

We'd also be hooking up natural gas which means some extra plumbing. 

I also wouldn't have been able to do anything to prepare those houses for a beating.... but on the flip side if some of my rentals were a few states away then I wouldn't risk a single natural disaster taking all of them out at once.

Between having minimal liability risk in my own personal activities, renting to only the very best tenants, having excellent independent tenant screening, long time property management relationships, adequate per property insurance coverage and tack on umbrella coverage as/if necessary, I am more than adequately covered.

Few people adequately save for old age.

The lack of sex appeal and the relative undiscovered/unloved nature of MHP's were major draw for me.  

Since I was 14 I have sold it all from furniture and auto parts to cars and boats naturally my next step is real estate.

Till then adequate insurance and minimum equity in your properties is enough.LLCs will make it more difficultt to acquire financing.