Question yourself why would anyone pay rent of $1200 for a Class C product when they can get into a B class product.

Long leases only benefit the tenant....it may make you feel "warm and fuzzy" inside thinking you have them locked in for multiple years, but the bottom line is tenants will leave when the want/need to.....and you may have a case in court, but you will rarely see that $$.....And when that tenant becomes a nightmare, its a much bigger burden for the landlord to have a justifiable reason to break the lease...one that would hold up in court.So ALL the benefit really goes to the tenant.....not the landlord...so I don't see the upside at all....in fact I only do M2M...... worst case is I give them 30 day notice than I'm not renewing.....

Once they get 1% of landlords revenue I could see it going up to 2% ,3% in the next years .On the related note San Francisco is also proposing an additional tax on businesses for the homeless . https://www.cnbc.com/2018/07/17/san-francisco-to-consider-tax-on-companies-to-help-homeless.html——OAKLAND — As the Bay Area struggles with an alarming homelessness crisis, voters may soon decide whether to force Oakland’s biggest landlords to pay up to help house the city’s most vulnerable residents.Oakland Councilwoman Rebecca Kaplan wants to impose an extra 1 percent annual tax on rental revenue that exceeds $200,000, and use that money to fund homeless shelters, help homeless residents secure permanent housing and clean up the sprawling encampments that line many of the city’s sidewalks.The city needs more money to tackle the problem, and collecting it from Oakland’s biggest-earning landlords makes sense, Kaplan said.

Can you get a line of credit against a mobile home community like you can an apartment?

Just screen the potential tenants she has lined up and let them take over for 7 months then sign a whole new lease with everyone.

HELOC is just a credit line, So you can buy/rehab and refinance with a regular loan in order to pay back your HELOC if you want or pay back the HELOC with time.Depending on the type (1% Payback or Interest Only Payback) if you borrow 80k, your monthly payments would be $800 - if you were renting for say $1000+ and covered all expenses, then you could just pay back your HELOC and if rates adjusted, your payments is still 1% payback - you would just have more interest added on for the life of the loan.I have a HELOC and opened it up to be able to fund my rehabs or have extra $ to close on a deal.

@Joe Villeneuve - There are "Hard Money Lenders" who have loan products in the 5.5-8.5 range for buy and hold. 

All of these folks are multiple buyers, suggesting they've had success and been happy with the properties they've been collecting so far.So, bottom line, Killeen can absolutely rock it.

But it surprises me that a $700K structure placed permanently on a tract of land and used for productive purposes would not qualify for 1031 treatment. 

My lawyer says this - " The bottom line is that he missed a lien during a title search and now his buyer is stuck with the bill"