It doesn't sound like much was done that would step up the basis - also if the owner entered with a 1031, the basis would be even lower. 

Web sites, IDX, Zillow, Realtor, Trulia etc will come after your "new" dollar as you enter the industry.  

Not saying that wholesalers don't but from what I've seen, everyone wants to enter real estate as a wholesaler because "it takes no money". 

In my opinion if you're looking to buy and hold long-term now may/might be a good time to enter as its still "edgy" but some trend towards change .

I am certainly not as experienced in RE as some people here so to use an example from the stock market if there is large demand from people who will be buyers shortly but are not buyers right now that could be a great time to buy because they will enter the market at some point creating more demand.  

Hello,I am trying to find a property management software (if possible online) that I can use do do accounting for my properties, but that will also track the equity in each property using current market values (is possible pulling them from Zillow, but I'm OK entering them myself) and tracking my mortgages and the additional principal that gets paid off every month.Ideally, I'd like to have a dashboard that will track the net worth of the portfolio over time, and use not only the rental income, but also any equity increase to determine overall ROI.I've tried out about 15 online property management solutions, but most of them seem to be built for management companies that manage properties on behalf of third party investors, and are lacking the above features.Does anyone know about any software that would do the above, without missing some of the essential property management features (such as full ledger accounting for example).Thank you in advance for your suggestions!

I'm currently in negotiations with the current landowner to purchase the parcel (he lives out of state and doesn't want to enter a land contract with the mobile home tenants, although he claims they've expressed interest in buying it) and I'd like to know if anyone has any experience leasing/renting land to MH tenants who own their home.

@Cesar GarciaPm or colleague me on learning lease option assignments, seller gets his price less 3%, you make 3% feeYou enter into a lease w option w sellerYou sell your agreement to tenant buyer for 3%

We developed a software to manage them and they can enter property information there.

@Joemade Scott CarterLet's keep things simple, if you want to make money on a free and clear house, you can buy it on terms, on a private first mortgage, and make sure that how much you give the seller makes sense compared to market rentOnce you buy it with good cash flow and you can rented it out and hold itAnother way if you are low on cash is a lease option assignmenthave your LLC enter into a lease and a separate option, then assign your deal to a buyer for three per cent  or 9000Best of luck!