Thank you fellows for all the insight! 

I am excited to learn from the community and provide insight as a novice investor.

You could then take that money and either pay down debt, or roll it over into a 1031 exchange on your next property or possibly two properties?

1031 exchange or carry the note

@Clayton Swansen watched a very interesting podcast www.biggerpockets.com/show75that will have some very good insight on mobile home investing.

Damien,For a deal this size with this profit potential, here's what I would do:I would put together a list of 100 properties you think would work well for your partner, write a sales letter with the headline "1031 Exchange Property Urgently Needed" or something to that effect and mail it via FedEx Express Saver.

Good luck and if you need any more help or insight, let us know!!

I started my journey into wholesaling about a month ago.I have fund my farming area and have been driving for $ the last couple of weekends.I have managed to generate about 60 properties now its time to do the work of sending out the yellow letters.I will keep updating my results here and if anyone would like to connect in Phoenix area , DM me and we can exchange ideas.

Could someone who has participated in Jersey City property auctions provide some insight into the process and what it takes to succeed?  

Thank you again for weighing in and providing some invaluable insight.