In order to do this deal I need to close with a loan that has a construction component to it.

This deduction is related to the loss on disposal of certain assets in your building such as replacing or removing existing components of the building. 

Even with that single family, try to find something with some kind of value add component to it.

These components are calculated on a per-topic basis to make sure we're comparing apples to apples.Our goal is to encourage our knowledgable users (like you) to post high quality topics and replies on those subjects. 

Seeing as that professional is a very important component part of your investing strategy I think it's worth doing a little homework to make sure you have the right person filling that seat. 

I 100% agree with you that rental deal analysis is a crucial skill that far too many investors ignore, to their eventual detriment.

Usually the LOI will have a CA component to see certain data from the seller.

The first thing you do is to acknowledge that lot rent and POH rent have nothing in common, and break the park into two business components: 1) real property (lot rent) and 2) personal property (POH rent).

The required qualified intermediary is simply an added component in the middle and has to be used to perform 3 functions Document the transactions and process to provide a clear trail for your accountant and the IRS.Take custody of the proceeds from the sale and transfer to the purchase as you cannot have actual or constructive receipt.Consult with you to keep you straight of all the little regs and nuance.It's this third one that is so critical if you want to harness the full power of the 1031 exchange. 

It was early enough into the deal that I figured I wasn't short-changing myself on any forced equity or value-add component.