Should I  1) hold onto the property and take equity out to reinvest in another real estate venture (leaning towards MHP) or 2) sell the property and 1031 exchange 3) contact the investors that are building around me and see if I can partner?  

Fourth is the foreign immigration of folks and that won’t ever stop.

First step would be to determine the value of the exchange and what that will buy you in the market.

If instead of selling outright, you exchange your property for some other real estate, known as a 1031 exchange - then you do not have capital gains and you do not create any room for passive losses as in #1 above.

That is like 1031 Exchanges that you can do with a good Title Company who has that Department.

Security deposit amountYou can find plenty of examples by searching for "tenant estoppel certificate doc" or exchanging "doc" with "pdf" for more options.Here is an example and explanation: Sample EstoppelSome have a lot of legal jargon but this document does not need to be so detailed.

So a 1031 exchange to another Real Estate deal may be the way to go.

After all, you may be chopping off resale value in exchange for cash flow - you are losing your garage. 2.

For example, a page of "recommended local partners" would be a great way to exchange links with other professionals in your local network. 2) In regards to penalization... it's not something you should worry about UNLESS you hire a company to purchase you backlinks, or utilize a Private Blog Network (PBN) to link to your sites.

That doing a 1031 exchange is simple.