If there have been 1031s completed in that past.In both events it's a matter of looking at your property's value compared to the adjusted cost basis. 

If it is a contract for deed be careful on the state as you are physically buying the property and have transfer taxes etc.Once it is boarded, there is a boarding fee of around $40 then you pay anywhere from $15-$35/month for performing notes (Depends on escrow and if it is a fixed or adjustable note).

Just kidding...something happened in the editing...I'll adjust. 

They will typically buy back property at par of purchase plus a small inflation adjustment, from what I'm sold.My concern is that if the home is sold, where can they live for the nominal mortgage payment a 30K house provides?

My personal strategy right now is that I'm not taking on any adjustable rate debt.

My idea is that we rent our current home while maintaining the management of the pool and lawn so the tenant does not have to worry about the added cost, but maybe adjust our rent to account a bit for that amenity, and then buy another property that we will live in for a bit in order to update and get ready for rental as well. 

HELOC is usually interest only for the first ten years with an adjustable rate, whereas a Home equity loan is both interest and principle payments.

If so, you could do a lot line adjustment.

By understanding this I could adjust my income and see the probability of me losing one or more income streams and how it changed my ability to service my expenses.

;<))The price is completely dependent on income and adjust for age or lack of maintenance and deferred CAPEX.