So using a QI even in a simultaneous or direct swap is a pretty good plan.

Who knows, eventually we may even look into swapping out the mobile homes to build small cabins or something similar. 

Although unusual for syndications, there is the 1031 option known as drop and swap, where a syndication LLC or LP would modify and transfer the ownership structure of its members/partners to tenants in common with sufficient hold time to prove intent to hold for investment for the exchanging owners. 

@John Underwood has the easy and correct answer here.I swap out my doorknobs for non-locking and add a keypad for custom-coded entry. 

The same for every crisis for the last 50 years.For those of you who like to read, The author of the article that Bryan references also coauthored a book All the Devils are Here which goes into a lot more details.Another very easy read that covers the subprime debt/credit defaults swaps story is The Big Short by Mark Lewis.More challenging but a wider view is Nouriel Roubini's Crisis Economics.and if you don't like reading but can handle a documentary movie, Inside Job again does a decent job of touching on the subject.

They offered to swap this house for another one, but after having gone this far and having already paid for the inspection, I'd rather not go that route.  

I had him swap the electrical box and meter box - swapped from 100amp to 200amp from the weather head down to the meter box - charged me $2250 (Got quoted $3500 from my electrician).

PROPOSED TERMSReplace cash equity investment w/ note w/ 30% higher balance12-15% interest rate7-10yr amortization, or interest-onlyHe definitely likes the equity return, so I feel like it would have to be a pretty attractive offer to get him to swap out of the equity..

Many members withhold portions of security deposits where applicable, pre-lease units, have little to no vacancy, don't pay lease-up fees, use hard surface flooring, only pay a few hundred dollars to paint a unit (if even needed), and then swap out a rotating lock set....whereas other members have thousands in vacancy and repairs.

Converting properties from investment to primary residence periodically will allow you to actually turn a proration of the gain from tax deferred sreto tax free.And when you die your heirs get a step up in basis in those properties so they inherit the properties tax free.There's a reason for the phrase - swap til you drop!