If you treat them good they will return the same treatment.

They say confession is good for the soul so here goes.....my CPA suggested that I could qualify as a 'real estate professional' and take advantage of the very favorable IRS tax treatment which accrue to investors with that designation.

It may not be possible to completely subdivide the lot so just want to know about the treatment if we did have to sell it as part of a 1031 exchange.

Hi @Roman Capone, Properties acquired with the intent to rehab/fix and then sell or "flip" do not qualify for 1031 Exchange treatment since the property is technically held for sale and not held for rental, investment or business use.  

Hi Teri, Properties that are acquired with the intent to buy/rehab and then sell/flip do not qualify for 1031 Exchange treatment. 

Give them "special treatment" because they are customers as opposed to prospects.

Some tax liens are also sold at sheriff sale, so that typically is once per month in most counties in PA; these typically will be in townships (or whatever municipality) that have elected to not use the county's Tax Claim Bureau to handle tax sales.Then there is Philadelphia that does its own thing ... since it is both a City and a County, it has some special treatment in the state legislation.

By way of a specific example, lets say you own a 300 unit complex and discover the water treatment is out.

Any MH park is hard to finance, nice ones are much easier with low vacancies.I would not look at any with it's own water system and/or sewer treatment as the regulations just keep comming and they are very expensive to maintain even worse to replace.Good luck on your quest, but I really dislike cans on wheels.

Your personal use and fair rental days will dictate the tax treatment (residence vs. vacation home vs. rental).