1031 exchange to buy mobile home park?

[Young Fenton]

Hi!

I am selling land/lot at $197, 500 within 60 days. Someone told me that Mobile home park is good profit with low investment. I am new to MHP investing. I have to make decision before I close my deal for 1031 exchange, if I can.

1) Is this a good investment?

2) Can I do 1031 exchange to buy MHP?

3) If I can, I still have to get a loan of about $93K to match 1031.

4) If I buy HMP at $197,500, what does the cash flow look like?

Thank you for your help!