If the landlord's lease with the other tenant provides that tenant the exclusive right to sell certain products or services at that location the landlord might have put themselves in a bad position.

Quote from @James Kerson: @John Warren though I’m a licensed Ohio broker, I’ve used that license exclusively for third-party property management assignments and to get the buyer-agent commission on some SFR deals.

@Julian Martinez The good thing about your position is that if you decided to sell the property you can qualify for the 121 exclusion, and qualify for a 1031 exchange.

I have my separate allocation of funds exclusively for investment property.

You sign a drawn out contract that gives the warranty company a long lists of outs and exclusions.

I use Zillow (and its network) exclusively now and have not had any issues finding tenants.

Desperation is not an exclusion to the rules. 

The home is worth a lot more then the note is selling for.Marie Johnson this is almost exclusively the case.

This will allow you to take advantage of the Section 121 exclusion and you could do a 1031 exchange into the new property.

A 1031 exchange is NOT available for owner occupied property so that’s the bad news.The good news is for owner occupied primary residences, for married couples, the first $500,000 of pain is tax free.No need to worry about a 1031, live in the house, sell it, use the $500,000 exclusion and you pay KP tax on whatever profit may exist,2.