Pay close attention to the timelines- You have 60 days to pick out a property and then 6 months to close. there are 1031 companies who specialize in that and hold the proceeds of the first while waiting fir the 2nd to close. 

I received some quotes on getting the utilities and septic on it, and I’m looking at about $10k to get it going minus the $4k or so worth of timber I can have removed.From here I still would need a mobile home, which I wouldn’t really have money left for after the utilities are setup, so if anyone has any advice on picking up a mobile home free or at a low cost it would be appreciated as well.

Each payment received will be part interest, part them getting their cost basis back and part cap gain.I have an old seller I'm working on, too.

When I was trying to do it myself, I spoke with several CPAs and received different answers from each.

@Harsh Patel - So odd that a 6 month old thread suddenly jumps back to life, but if you are still watching and looking for advice, you've received some good points and unfortunately a ton of sales pitches. 

The management company has consistently dealt with only them, but the only responses they've received to any notices or messages has been from the parents.

Is this too good to be true; to receive 100% return on a 3 1/2 month Loan?

@Nick Danaluk - The homestead aka STAR credit received in NY does not make your taxes go up faster. 

Hello,I received a letter from the county or city (I'll have to double check) stating that the assessed property value has gone up by 30K. 

(Ex: Bad photos, weak descriptions, bad guest communication leading to poor reviews, etc.)So because of that, I would say choosing good management could be crucial to your receiving a high ROI.