You can get a 1 bedroom oceanfront from 300k-550k that will produce 40-65k per year in gross revenue.

Property has been producing positive cash flow and we are almost completely booked until May.

Every  county is different, call the county and ask what the procedure looks like 

As it gets larger, it produces more and more fruit each year.Cash flow is the fruit, PV is the tree's size. 

Does your trusted friend have an in depth understanding not only of the 1 page of actual regulations but also the 8000 pages of case law and the associated revenue procedures that actually shape the actual law of the 1031 exchange?

Is seller going to produce enough income from property to pay the mortgage?

Real Estate Investment Trusts (REITS) have been around since 1960 to give public market investors access to income-producing real estate, but these vehicles only give exposure to real estate without depreciation benefits or direct ownership.Fractional Ownership at ScaleThe latest development in the industry is the tokenization of equity in real estate deals, a process that is revolutionizing the way real estate assets are bought, sold, and managed.

I need the home to start producing, whether that's through renting it out or finding other ways to generate income from it.My question is, has anyone had experience getting a loan from a bank using a tiny home as collateral?

then you can purchase another property without having the income tax liability, purchase another income producing property ( or two depending on your cash out from the HELOC)  and then you're on your way to building some real wealth with some great future tax strategy options  to limit future tax liability from the income and properties. 

While a MF or commercial property is only worth the income it produces, SF can be sold to both investors and traditional homebuyers, and can often be easier to sell (although not in my market for the past few years, small MF is moving quickly).You'll find people on BP who have generated massive wealth doing anything and everything, but you'll probably find more who've done so with MF housing.