It's just a rule of thumb, and only tells part of the story when buying a rental property.

One other thing, if SCI is so willing to buy MHP's and be the owners of them, why that every piece of paper we get (rules / regulation, leases, notices of rent increases, etc) do not have one ounce of SCI's name or signature from anyone at Sunrise Capital Investors.

This satisfies the rules for 1031 exchange. 

The city wants to tear the property and surrounding properties down Zillow said it’s worth 38000The city offer me 13000.I could use some adviceHard to give advice with limited information, but as a general rule, the longer you wait and the further down the line their project is the more valuable your property will be to them.Zillow (and all automatic online) estimates are very unreliable, so don't base on that.

I don't know the rules in the US, but in Canada, you can do that every 2 years and when you sell, you don't pay taxes on the capital gains.

Caveat Emptor is the rule of the day in these tax and foreclosure auctions.PS there is generally no do overs LOL

But rule number 1 and 2 in investing is don’t lose money.

Ok, but I mean is it against the rules?

Rule of thumb: I've been told "Never fall in love with a property".

The 1% rule is an old metric.