As long as they meet your qualifications, we would rent to them.

Therefore, you don't need to use a 1031 exchange; you can take as long as you wish to find and then buy another property.The only exception is if there is debt on a property, in which case there will be some UBIT (Unrelated Business Income Tax) implications.

Some people just like to complain. 10 minutes seems like long enough for most people to take a shower.

I'm not a property casualty agent (was a long time ago - now just life/health).

Now after long term tenant it needs new carpet/flooring, paint, bath vanity.

Yes you can do HELOCS on investment properties as long as it's not a multi unit.

Mobile homes can depreciate in value over time (unlike land, which generally appreciates), so you’ll want to weigh the long-term returns.

And is it something you see yourself sticking with long-term, or do you plan on exploring other asset classes?

We tend to gravitate to long-term owner-occupied properties, which are overdue for aesthetic updating, but well caredWhat else? 

@Desiree Board For your mix of long-term rentals (LTRs), short-term rentals (STRs), and house flipping, an LLC is ideal for liability protection and pass-through taxation.