Seller has also agreed to a 1yr home warranty and termite treatment as evidence of termites were found during inspection)*roof is old, will need complete tear off when it's time to replace.

The previous owners had everyone sign a "Anti-drug lease addendum".  

I have heard from people that around that area is horrible drugs and gangs and violence and stuff so I got kind of scared to look in that area but hey your there right now and if you have properties there thats awesome.

Now I hear from neighbors that her Probation Officer was doing a check to approve her to live there and found drugs and caked in the drug task force to search the apartment.  

Two very typical states for Entity creation is Nevada and Delaware, for the tax treatments they create. 

Of course the hookers would be the tenants on the upper unit and the drug dealer would be the main level tenant.

Hi @Nicole G.Unfortunately, selling property that was acquired with the intent to buy, rehab and then sell (flip) do not qualify for 1031 Exchange treatment. 

There were drug-related issues and they violated the lease, so I served the 3-day.My tenant paid me January's rent in full.

Even if you hold it for a year, it does not qualify for long term cap gains as your "intent" would make it still a short term tax treatment.

ONLY downside is I am told they can be stained by foods but a good sealer and bee's wax treatment goes a long way.