Most rentals don’t fit those criteria - so you might be better served by taking the $300 you would have put into this house and find a more appropriate rental.

Also, ensure that you're giving any tenants appropriate notice of a condo conversion per DCA (state level) requirements.Legal Work - Be sure to line up a competent attorney with experience in this line of work.

But if your intent was to hold for productive use and something changed that intent then a 1031 could still be appropriate.   

AAR lease with property appropriate addendums. 

The market rent in that neighborhood is about $2.9K but I thought $2-2.5K is more appropriate due to the condition of the property.

Find out the right way to move her into a more appropriate housing situation.

@Chris SeveneyOk I’m not in the business yet, so take my opinion with an appropriate dose of salt.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

“Streamline Option” – or “Limited Repair Program”a.Total financed rehabilitation costs cannot exceed $35,000b.Maximum Sub-Contracts is 3§If more than 3 are needed then a General Contractor will be requiredc.Repairs are limited to cosmetic repair only.

That said, maybe a broad search, not specific to a metro area, is more appropriate to find those MHP owners that are tired, mom and pop operators.I'd be interested in talking to anyone that has a list that they've put together, or get any input on existing sources for lists.