This can have huge tax implications.Margins are an option but they are usually given at 50% of your portfolio (in this case 500k or even less after excluding 401k).In case if anyone's wondering why I'm doing this, it's because some buyers sell it much cheaper when it's a cash offer with 15-20 days closing.

Took good care of the property as well.  

Poor communicators, poor housekeeping skills, prescription med abuse, big dogs that they couldn't properly care for, damaging, etc.

If the structure on the property is determined to have no value, be careful when you consider paying the “value of the land”.The value of raw land is different than the value of land with an existing structure, even if the structure has no value.  

I'll be honest with you, in my experience, I have never seen a Investor care typically about the existing financing, or what was owed on the property.

From experience with mechanical and utility issues in distressed properties, I would also wonder why the breakers were removed.

Don, I hope you have a great and wonderful day!

He is different than a personal trainer bc at least a trainer cares about your results and isn't lying about their own. 

This entire conversation in my opinion comes into play for a group or entity that may have 50-100 STR's where the branding will matter more but to be honest from what we have seen when they get that large they usually have lack luster service and subpar reviews- in the end someone that is 1031'ing mostly cares about that cash flow at that level and that's why and mostly only why they care about buying a brand. 1-15 units and a brand is nice but in my opinion wont break a deal- we are trying to do it but in the end its more for our guests to have a simple streamlined way to book with us.

It does seem like it is such a significant misrepresentation though, I wonder if getting some confirmations in writing helps.