These homes tend to individually appreciate over time and are actually not bad places to live.The places with the lot rent you have to decide if you want to be in the mobile home business and buy the park.

The goal is to expand my network with likeminded individuals in the same market.   

For example: the multifamily sponsors will usually pay the considerable extra cost required to do a cost segregation analysis and this will increase the investor depreciation in the early years (versus an individual, direct investor who often will skip doing this because of the cost).The advantage of the passive investment is that you don't do any work.

Most reverse exchanges are done with cash from the client or a private loan of some sort from an individual or a portfolio bank.When your old property sells you will have that cash in your account to purchase the new property. 

Median individual income is 25K a year, and the median rent is $1200/mo.

I have a separate positive review of this individual on BP.We spent a great deal of time formulating a strategy.

@Christopher Morrisi tend to think of 'cash flow' as a function of an entire portfolio rather than any individual property, or any specific month. 

Your 1031 will ultimately be only as good as the individuals directly assigned to your exchange.  

In this situation, can all the partners claim mortgage payment as expense in their individual taxes (or just the partner who owns the mortgage)?

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.