As far as negotiating deferred payment on owner financing this can be done easily if the owner has confidence in you and your business plan.

If u are talking the 1900s brick or Big wood multi stuff in that area I think u are looking at LOTS of deferred maintenance.

Previously rented for the past 7+ years to the same tenant and updates/maintenance was deferred by previous owner.

If the tenants have been in there a while and there is deferred maintenance I'd plan on them moving out in the near future, rehabbing the units, and getting new/better tenants at higher rents.

Now, the 1031 provisions are exclusive to real property (i.e. real estate).Depending on the value, you might wish to explore the Deferred Sales Trust strategy which allows for the deferral of gains taxes, while using the proceeds in any manner you wish.

My knee jerk response is to question the level of deferred maintenance.

That means a lot of deferred maintenance.

If you find a good investment, why not defer taxes (I assume it's worth the fees because a lot of people do it, but you know what happens when you assume).

If you are not familiar, I recommend googling it.In a nutshell:You can defer and ultimately erase capital gains, through investing in an Opportunity Zone. 

Part will actually “exchange” into Premium Shares of the publicly traded company that is purchasing our MHP (kind of like an upREIT, so it’s tax-deferred).