Go back to your REIA you now have direction and find someone/ a couple of people that is doing that strategy and add value to them (I don't care how heck offer to clean their job site for free). 

Assuming the property is in Texas, be careful of "large down payment". 

Back to the unit though, it's separate from the main building, has it's own entrance off a pathway, actually WAS a "house" at one time (see: https://sf.curbed.com/2015/2/24/9988502/rememberin...) before it was moved to this lot, has it's own dedicated yard, I have a reasonably priced contractor that I took care of in 2008 that makes sure I'm taken care of first when there's work, and my business partner will handle almost all the city paperwork.

If they live in a dump now, do you honestly think they will take care of your new flooring and paint?

As long as you have a qualified intermediary in place before the sale of your investment real estate and are careful to follow the 6 requirements for a 1031 exchange (http://www.the1031investor.com/6-requirements-for-carrying-out-a-1031/) everything should go smoothly.

I'm sure people have used this but be careful with it as it can be a disaster. you won't get much back in rewards if that is what you are hoping for.

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Any quality MHC does not want low quality renters in their community since the investor and their tenants never take adequate care of the lot. 

Although we haven't received a preliminary estimate of repairs yet, we were told today that they would fix the property from top to bottom inclusive of roof, side paneling, plumbing, etc.My question is: Should I take the route of the $86,000 in which the essentials are taken care of or should I take the route of the $130,000 in which the property is fully renovated? 

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