Has owned them for 15 years or so, and got them financed via the Maine State Housing Authority -- which gives you super low interest rate in exchanged for rent caps.

You might exchange the property on a 1031 to increase your basis, but selling in most cases would hurt the wealth you worked so hard to create.

Lets review what eminate domain means, It means that the government reserve the right to confiscate private property for the good of the people in exchange for compensation without the owner's consent.Now, if anyone believe that the US government will confiscate private property to give to China, this person must be a fool.

Bloomberg states this: “In talks with Clinton, China will ask for a guarantee that the U.S. will support the dollar’s exchange rate and make sure China’s dollar-denominated assets are safe,†said He in Beijing. “That would be one of the prerequisites for more purchases.†https://www.biggerpockets.com/forums/310/topics/35940-or-is-it-an-honor-to-pay-the-taxes-?

Specifically, a "lease" is the written document used to grant possession, but not ownership, rights from one person to another in exchange for a (typically) monthly payment.

Realtor seems to think one could work out a deal with the Lien holders for the homes in exchange for lot fees due.

Pete homes and took it to a real estate exchange meeting and got beat up for including costs of mortage financing.

So if you plan on publically advertising for investors or doing massive syndicates then you need to study up, but if you plan on using your self directed IRA or your business partner's nest egg to buy property then you should talk to your accountant, your attorney, and/or your financial planner and skip the trip to the Securities and Exchange Commission.

Needless to say I was greatly disappointed.Is it true that 99% of 1031 exchanges are done indirectly, not through a direct exchange one property for another?

I invite the challenge I am embracing it :) We launched our website which is still under construction (so please pardon our dust) www.thepromisedlandproperties.com - any suggestions on the design would be helpful....I am honestly looking forward to hearing from everyone and exchanging ideas.