If you or the key principals in the borrowing entity are experienced or have owned MF properties before, PM me.

The only downside was we had to personally guarantee each loan so if the borrower defaults, we buy the trailer back.

Wolfe borrow the money 

Lower cost to borrow results in higher property value, with payment being the same.

Or borrow against your own home to come up with your half of the cash needed to pay her.  

There are several HML I know that can move very quickly and allows borrowers to only put down 10% to 20% and will finance 100% of the rehab costs on 12 to 24 month loans.I would highly recommend shopping around various HML in this situation to ensure you're getting the best rates and leverage. 

The balance shows, minus what you borrowed that's the principle reduction (not much in first five years).

Remember, not only does your cash have to cover the money down, i.e. the funds you aren't able to borrow, but also your closing costs. 

The only real reason to keep it in your name and do the 1031 is that it gives you more flexibility for borrowing.

I do not allow tenants to move in with borrowed money.