Gotcha...the favorable 3-yr break is for one situation only: it has always been a residence, except for 3 years after you moved out.That was exactly the information I was looking for :)Also, if I rented for 3yrs and lived in it for 3yrs, I'm assuming I can 1031 50% of the appreciated taxable portion to a new investment property and keep the other 50% appreciated tax-free (since that was "qualified use") value with me.

If so, a portion of the property (the rented portion) may qualify for Exchange treatment.

I run a small business out of that space (non real-estate related) and I also sub-lease a portion of the building to offset my overhead. 

Nobody knows the exact breakdown as to how many of the roughly 44,000 mobile home parks in the U.S. are 55+, but it's a safe bet that it's a small portion of the total.

The portion that they want is nice with grass and a partial stone wall that fronts the entire road frontage of my lot but in truth the part that they want has a "bowl" shape that collects storm water so it's not the "best" portion of the lot but it does "look" nice.We're fine with the idea of the development as our house is on a busy road and it would be great to have a road near by for walks and we like the idea of the possibility of new neighbors.Also while we are not in need of money, it's always nice to have and looking at the possibility of $100k is nice.My feeling is that we are in a win win situation... if they buy at $100k then great we have money and a new neighborhood... if they don't buy we have better access to the neighborhood with the neighbors house gone and maybe a nicer view. 

We work with OZ deals, the large portion come from tax filing, its a simple process.

Because the tenant may invest a lot in improvements, Triple Net leases are typically multi-year contracts.It is my understanding that a Master Lease is used when one entity wants to rent a building but intends to sublease all or portions of it.     

That just seems absurd.I did find the following in the Colorado Common Interest Ownership Act:"(1) Except as provided by the declaration:(a) If walls, floors, or ceilings are designated as boundaries of a unit, all lath, furring, wallboard, plasterboard, plaster, paneling, tiles, wallpaper, paint, and finished flooring and any other materials constituting any part of the finished surfaces thereof are a part of the unit, and all other portions of the walls, floors, or ceilings are a part of the common elements."

The portion of the state nearest Chicago experiences excellent cap rates and rental demand in working class areas because of it's proximity to the midwest's biggest city. 

Because of monitoring and medical technology on shift they have one doctor monitoring machines of patient vitals throughout the facility, another making rounds, and another to respond to emergencies/codes.