You have 45 days to identify replacement property that 180 to close on said property(s).Its a way of kicking the can down the road with taxes.

Although right now I am really hungry to enter into an endeavor and grow my finances and feel bad about the money I have save just sitting doing nothing, I’d rather atleast hold onto money than to lose it.

If you're waiting for the market to crash, you'll be sitting on the sidelines like the people who have been saying that since 2013.

Money sits at some states unspent, so either the state is to blame or the tenant is to blame.

Look for problems you can solve by putting his capital into the deal- is his money sitting in the bank earning close to nothing? 

It's sitting at about 739 right now.

I now sit down and create a detailed checklist with each action I need to take in order to get to to final result: 1.

Then theres the whole tax issue...how long can I sit on the profit for 1031? 

If your plan is to let it sit in the bank, then keeping the rental will most likely give you a better return. 

We also like to sit down with the current manager and go through everything related to how they are running the park (collecting rent, problem tenants, sales of homes, marketing efforts, recurring maintenance items, problem areas in the park infrastructure, etc)Compliance - this includes everything related to city, county, and state compliance to continue to run the property as a park.