., so you can't get financing on a condotel most of the time.

I’m having a hard time reconciling your title and what you’re actually saying in your post.

If you don't have the zoning already I wouldn't waste my time. 

Asking price, cost of rehab (plus time to complete), ARV, and rent once rehab is complete.Asking price $50k.

This requires careful structuring and compliance with IRS rules.Installment Sales or Buyouts – Instead of distributing properties outright, investors can sell or buy out their respective shares over time, spreading out tax liability and reducing immediate capital gains impact.LLC Restructuring (State-Specific) – Converting the corporation into an LLC taxed as a partnership may allow for a more tax-efficient asset distribution.

Also the Amazon facility that was under construction at that time in the County was drawing new residents.

If one of the greatest investors of all time believes stocks are overvalued, this may be an opportune time to shed some risk and move into a more tangible asset like real estate.The Rochester housing market is a great place to consider for investment.

If this was all done within a reasonable time, you should be ok.

If you don't have the time to manage the property then you would probably want a company to do that for you.

And using the process buy a new property or properties that you also intend to hold for investment use.The issue for you might be that you purchased this property with the primary intent of selling.