Yes, it will feel like you're paying 8% APR or so, due to taxes.What are your alternatives?

Alternatively, and again I believe I know the answer here, but is there any kind of grey area within the 1031 parameters that would allow for REIT type fund options  to defer tax?      

Alternatively you could take a day or 2 and drive the location you are interested in and jot down all the parks that look like they might meet your criteria and research from there.  

Behr paint is sold through Home Depot, and it is the main alternative to Sherwin Williams or Benjamin Moore.

I look forward to getting my very first deal and learning different techniques from you all.

@Dustin RuhlWhat you should also look at is default rates vs foreclosures as lenders have moved to alternative resolutions besides foreclosures due to lengthy foreclosure timeframes.

You can use the Blumberg A-55 'New York Apartment Lease' these are standard forms that you can buy online or any stationary store (probably cheaper since they sell them loose)...I own two NY co-op rental and use it in both...another alternative if you work with an agent is using REBNY form which is very similar and would agent probably suggest with no charge to you.In addition I follow my old landlady (an RE Agent) practice of supplementing it with a rider (copied hers) in which I stress/modify/add term which are important for me (for example that tenant cannot Airbnb the apt).The co-op is a company which have their own interest which not necessarily align with yours...it just happen that sometime they allow you as a shareholder to sublet your unit.   

Alternatives include renting short-term or long-term, building a house or even getting an RV.

Any alternatives?

I attended a fortune builders 3-day seminar, I was not looking to sign up for the Mastery program, but while doing some searches online for alternatives I stumbled upon Realeflow.