This essentially informs you of the extent of what you are buying.

Essentially, I would be asking for a max loan of $1.5MM in exchange for a portfolio worth $2.7MM.

Even if it was essentially turnkey, I would be pretty skeptic of it needing almost nothing at all.

@Ryan HanrahanA private money lender will not get you money for a down payment , but you do have the option of using vehicles like Perosnal loans , credit cards ,and lines of credit which would essentially allow you to buy the property with none of your own money.

Im not even stressing the whole learning process because not only is it essential but I am 110% positive that when the time is right, I will begin and will be super successful.

I'd also suggest prioritizing location(essentially unchangeable) vs. prioritizing curb appeal(certainly changeable.)

I don't understand the role of the "Accommodating Party" when there appears to be no way for the seller of the 1 property (the exchange property) to "touch" the capital gain before it is used for the purchase of the 2 properties (the properties being exchanged into).1 Property being sold as part of the 1031: Owned for 10 years, used as rental, capital gain will be $120,000Purchaser of the 1 property is an arms-length purchaser unrelated to the seller essentially paying fair market value.2 Properties being purchased (exchanged into) as part of the 1031: Rentals with total purchase price for the 2 properties of $110,000, both properties owned by the same person

Lived in the house I am currently renting at one point, so I am essentially a newbie.

The ideal would be to find a replacement investing partner who you can trust to essentially buy them out of the deal - but there will be costs involved in this transaction and you would want to know the individual.

.$505,882 in real value plus $90,000 of personal property = roughly $600,000 in value for the park as it sits.Your upside is in filling the remaining vacant lots, pushing the rent to $250+ over time, and renting the 6,000 sq. ft. building.Your greatest risk is the private water/sewer system, and the demand in a metro of only 33,000 (TEST AD ESSENTIAL).The potential value of this park is 25 lots x $250 x 12 x .6 = EBITDA $45,000 plus 3 stick builts x $600 x 12 x .6 = EBITDA $12,960 plus 1 commercial building $1,500 x 12 x .6 = $10,800 = TOTAL EBITDA OF $69,000 AT 8.5% CAP RATE = $811,764.The risk/reward scenario is decent because if you pay $600,000 and sell off $90,000 in mobile homes, you have $510,000 in deal and, assuming 25% down, you have invested $130,000 down and, if you can bring the park fully back to life, you have a profit of around $300,000 on your investment of $130,000, which is about a 2 x multiple which you should be able to harvest in less than 5 years if you work really hard and did great due diligence.