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.

@Jonathan Woodruff speaking only for myself, one thing that drives me nuts is people who are typically drawn to the charm and unique qualities of an old home, and then whine about its lack of modernity--- modernity which, by the way, will likely fall out of favor again in a decade or less.

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? 

Most novice investors make this mistake they look for the most expensive sales to see if they can justify a higher price but they ignore features the buyers really care about Ling stay in the home.

Good, caring PM's exist that want owners to be successful while still making an honest dollar.I was with an attorney for a very large flat fee ($75.00 per month) PM firm one day and he was proud to convey that the average gross per door was $250 per month and the average tenant duration was 8 months. $75.00 per month is clearly total BS marketing and if I had an 8 month tenant duration I would be pissed as an owner.I take great pride in the service we provide with only 2 fee's to owners, a lease up fee and a % per month.

I don't really care about being a millionaire I just want the brightest future possible for my family.

Hi Eviano, I'm a JSU professor currently spending a semester in California taking care of my mother.

The property to purchase is worth $133k, so I guess the double corp structure is kind of an overkill considering the market value of the property.