However there is some tangible personal property in the mobile home (e.g. the carpet, window treatments, etc.) that does qualify for 5 year depreciation.

There are rules and regulations regarding the treatment of that, but that is a whole topic unto itself. 

There are some state nuances in a couple of states with regard to state treatment. 

Also, when you look at satellite images, you can see whether or not they have a treatment plant or lagoon...i know you were interested in well vs. septic. 

The lower layer is not as bad, and may clean up with some more bleach treatments but overall I'm going to have to replace part of the sub floor. 

The water requires minor treatment, but things can certainly change with our wonderful public office folks.Great tips on the septic inspections & pumping, I'll implement that if we close.  

Replacement properties acquired with all cash and no financing/debt make Reverse 1031 Exchange transactions much easier to administer; financed acquisitions can significantly complicate a Reverse 1031 Exchange.Vacant land held for rental, investment (capital appreciation) or business use absolutely qualifies for 1031 Exchange treatment.

The 1031 Exchange Qualified Intermediary must have set up the 1031 Exchange transaction prior to the transaction closing in order to qualify for tax-deferred exchange treatment.In this case, as you pointed out, a primary residence will not qualify for 1031 Exchange treatment.

Thanks for the advice @Sam Shueh- I work in healthcare so I'm no stranger to bad treatment and terrible pay.

You have to hold it out a year anyway to get the long term capital gain treatment.