Establishing habits that create a foundation for wealth building, significantly improve your chances at success.   

I go into the property ready to improve flooring, fixtures and paint.  

Your QI for the 1031 takes title to the new park and holds it while it is improved (by adding mobile homes on the lots). 

Our inventory is still low, it's like going from starving to eeking by, an improvement but lots of room to grow.

I am not fan of these types of properties unless the area has long term improvement prospects. 

You could take the equity you have and triple or quadruple your cash flow while also improving your opportunity to benefit from appreciation because you own much more real estate.

The more improvements you have on your property the less favorable it is for the oil and gas companies to build pads or facilities on your property as the cost for damage payments goes way up.

Or are you talking about doing nothing to improve/upgrade the property but just put it back on the market "as is"?

(We have an IRS lien that will be paid off in four years and I am pretty sure that could be worked around.)My wife is hell-bent on being able to "burn the mortgage" as soon as possible and is resisting refinancing with a $30K cash-out to drastically improve the functionality, curb appeal, and comfort of the home we've lived in for 35 years.I feel we should do the refi, make the house new again, and enjoy where we live. 

Read some studies (but consider who paid for them and their motivation :-) And cities like LA, Seattle, NY cannot blame the vacation rental market for their housing problems, those are the result of failed policies by years of leadership....Vacation rentals have many benefits over standard rentals that you might consider a) they open up areas to vacationers that would ordinarily not be accessible (not everyone wants to stay in a hotel district).b) they almost always improve the neighborhood they are located in - the house, inside and out, must always be in near-perfect condition in order for the landlord/host to stay in business.