We have an offer on a piece of property we own and want to do a 1031 Exchange into a mobile home park. Has anyone done this successfully and any suggestions how to structure the purchase contract (counter offer) to allow us enough time to find a park, do due diligence, and close within the time constraints of the 1031 Exchange guidelines? It may be impossible as it is difficult to find a park that actually makes any money these days. We have a buyer who is willing to work with us with an extended close date but they do want a specific time frame (understandably.) I will contact an attorney next week but just wondering if anyone has had any experience doing this.
Thanks, kim