This would be in central Jersey which is still a hot market as a result of record low inventory.I am planning to do this strategy since I want to put low money down (10%) on a construction loan and achieve a quick build to lower my holding fees. 

Why is my CoC returning infinity when I still have money left in the deal?

Given the short-term nature of mid-term rentals, including utilities can make your property more attractive to potential tenants, but it’s essential to factor that into your overall rent pricing.The best way to go about this is to ensure your listing is visible to your target audience.

Because the foreclosure process is so slow, and nothing is stopping you from selling while it is happening, you may just have enough time to sell the property and capture the equity. 

Is he just wanting to dump the property or trying to maximize profits. 

This is pretty clean.Scenario 2:  Your partner has owned the house for 15 years and has been taking accelerated depreciation, so the book value of the house is very low. 

🚨 Tax season is here!

Also insurance is much cheaper in SC than FL.

So, what is this new PMC going to list it as?

There is no point in doing a 1031 exchange if you expect a loss from the transaction.A 1031 is meant to defer your gain.There are numbers which you can analyze and stress which is not easy to analyze.It looks like you are stressed with this investment and I would sell.I personally, however, would look to make the improvement for $10,000 to get one of the other units up and running.