There is the Sales Comparison Approach which is based on similar recent sales, the Cost Approach which is based on a value of the land and the cost to replace the existing improvements minus depreciation, and the Income Approach which is based on market rents and a Gross Rent Multiplier which is detemined through market research.Your other statement that banks will appraise the property right around the sale price even if the price is 200 and it's worth 500 is really disturbing.

The last "cleaning" I did involved replacing 6 brand new miniblinds that the tenant's cat destroyed and they had to be cut off because of odd sizes; stove was filthy; refrigerator was filthy; new storm off it's hinges, new carpet not clean; fireplace filled with burnt logs, cat hair and dust everywhere; light bulbs had to be replaced etc. etc.

You have 45 calendar days to identify your replacement property.

Unless you take equity out of the replacement properties and increase your debt you're continuously having to find properties to protect a greater and greater investment or several smaller properties in the aggregate.

If you tile first then it will drastically complicate a project to replace the tile in the future.

. § 1031.IRS rules control the length of time that the replacement property must be held before it may either be sold or used to enter into a new tax deferred exchanged.

You must also replace your debt, and reinvest all of your net proceeds (cash) from the sale.

I agree you ought to be able to do replacement with materials you list for that.

Older buidlings can have some major plumbing issues and pretty much you have to replace, or fix something constantly which really cuts into the cash flow.

The best tip is making sure the mobile home can stay in the park.