I come across SFR in other states from time to time direct to seller. 

To believe the benefit of cheap labor comes without consequences is absurd.

Let’s say your 25% of that so you personally have to come up with$1mm to $5mm.  

I’m currently evaluating whether to go with a Fund Model instead of a traditional JV for an upcoming multifamily project, I will be working as a developer looking to do work with a more experienced developer on a larger scale multi-family opportunity.

Even if they had renters insurance, it comes with a $500 - $1,000 deductible just like your insurance.

Quote from @Brandon Blackmon: These prices will come when you get GCs (licensed, subs, and unlicensed) into the property and start to get quotes.

It's doesn't really sound like you are much into being landlords so doing a 1031 might just change from "annoying when things come up" to full fledged head aches when you buy more and or larger properties in your current market.

Do you envision coming back? 

In the webinar, he stated he's been buying/selling MHP for over 5yrs and just recently he and his partners started the investment group. 

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.