There is also an acre lot and garage and the price point is well below any equivalent newer trailers or stick built homes of similar size in the area (probably 50% of their value).Many investors make good cash flow turning mobiled into rentals.  

The caveat is that the the seller has owned since 2010 and has not replaced any of the mechanicals.

The caveat is that the the seller has owned since 2010 and has not replaced any of the mechanicals.

This is why it's helpful to understand the mechanics and process of the litigation process.

My frustrations aren't specifically with the deal mechanics, even though I'm very disappointed in how they turned out.My frustrations come from the lack of GP "soft skills" / broken promises that were made around full transparency (good & bad), open and timely communications, prompt delivery of investor updates & k-1s, communication in laymen terms, actively updated & accurate portal, etc. 

The mechanism would be that you would only do a 1031 exchange on 75% of the property. 

On my first property we were planning a cosmetic flip based on the inspection report with a mediocre inspector and unfortunately once we got into it I spent close to $60,000 rewiring and making many mechanical and physical upgrades.

The second is a 2 bedroom 1.5 bath mobile home on 1 acre.

I do mobile home parks.

Hi everyone,I am a recent graduate and working as a Mechanical Engineer in San Jose.