This is just an example, but it illustrates the point that many refis, will fail for ridiculously small differences between what values are needed by the borrower and what values are given by the appraisers.

The two recent *threads* here on BP illustrate creative schemes I've seen touted before.

Minh Le thanks for illustrating your point.

Brett had a good point about spreading out the risk, but as Jon illustrates not every market is the same.

@Joe Villeneuve and @Kyle Soderman illustrate the "wealthy" mindset: how to use money to make money and devote your time and intelligence to knowledge and wealth generation.

We went through an exercise at the Boise Investor Group meeting one evening a few months ago, using a house hacking example, which illustrated for the market at that time, building was less expensive than buying an existing investment property.

It is also important to recognize that most of the people who post here have myopic views that color any advice they offer and that even when they are trying to help, their advice may not be what you need in your situation.Lets take this away from manufactured homes for a moment to illustrate the point.Two years ago, a friend of my wife's got her interested in trap shooting.

This is an oversimplified example, but illustrates that it's better to pay taxes on $0 and have losses carry forward to offset future income than to have taxable income in those early years. 

@Cedric Van Duyn, you make a great case in point illustration.  

The revenue procedure provides six examples that include illustrations of the treatment of depreciation and boot in which both the benefit of §121 exclusion and §1031 deferral could be used.