I've spoken to a few local attorneys and they have never heard of that.

I have a bank locally that will use DOT as collateral for loans.

For the areas of interest (you are local so I'll say suburbs west of City Line Avenue) there are few and far between -and- have many investors sitting on large sums of cash to jump on anything that comes up (where I would be navigating a reverse 1031.) 

I found this deal as an off-market property through my local network in the Hamptons.

I refinanced it into a  5% 30-year mortgage with a local bank as the seller would only carry the loan for a year.

It’s worth reaching out to your local tax office to explore options.

I found this deal as an off-market property through my local network in the Hamptons.

I suggest you start out by meeting like minded people and here is a link to a local meetup in the OC: https://www.biggerpockets.com/forums/521/topics/1225233-ocre...Good Investing...

In The Tampa Bay Area local investor in the items inside the home/business but looking to get with the right people to build a team.

You will need their advice on your state & local laws to properly proceed.