Don't buy those types of homes, they will take a long time and not sell for what you were thinking it would sell for! 

This is great if you are force appreciating the property and then moving in for a year, and after selling or renting it out. 

This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.The increased budget allowed us to enhance the property's overall value significantly, and we were able to sell it for a much higher price than initially anticipated.

This decision increased our budget from $15K to $45K, but it turned out to be a wise investment.The increased budget allowed us to enhance the property's overall value significantly, and we were able to sell it for a much higher price than initially anticipated.

How long did it take to flip your home  to be ready to sell?

Their Goal - sell us this property seller finance. 

So whenever the buyer wants to refinance or sell the property my lien comes up aswell and that's when I'm taken care of? 

A few that sell and manage, or know management companies.  

Since you are only selling the development rights and not the entire property, the existing mortgage on the building does not directly impact the 1031 exchange of the development rights.

I do not see a path to refinancing and see the better option is to sell the property.