I know my local market fairly well as I've been paying attention to it for about 4years now.

You can carry forward the disallowed losses and offset the gains from the sale when you sell.

The buyer gets a home.Because you bought a note instead of selling a mobile home YOU DON'T HAVE A HUGE CAPITAL GAINS TAX.

How can they expect to gain business?

Daniel, as long is it is applied responsibly, I am a huge proponent of leverage, so adding 10 years to the mortgage to gain the added cash flow is a wise decision in my opinion, but that is opinion not fact.

I know this will go down over time as one gains experience.

Do you guys pay attention to the vacancy rate?

I've been swamped at work.Bill Walston,He would be looking at the possibility of seeing some taxable income; however, he would see a substantially higher taxable gain rather than what the capital guy contributes.In my opinion, I would go with a two entity approach.

The Trump name represents quality, attention to detail and value.

But even if it did, it makes no sense to even look at a 1031, since the OP indicated that the house would not sell for more than the basis (what was originally paid plus improvements) - so there's no capital gain to try to defer.