If you and the tenant can work things out amicably and determine a move out date + monetary amount for early lease termination I'd also speak with them about having permission to show the unit prior to their move out date. 

A 1031 exchange is a great way to indefinitely defer the tax and use it to grow your RE portfolio, and build long term wealth.The most important factor in a 1031 exchange is that your qualified intermediary must be in place prior to the closing of the sale of your old property.

Prior Theories: It could be turned commercial (no)A residence could be built there (no)They bought it to sell to me at a profit because I am the only one who cares about this.

One was appraised prior to construction at $540k and its been on market for 5 months at $450 and not moving.

@Ray Hernandez Totally, totally different experiences and not really comparable. 

Find the closest properties in terms of location, amenities, etc. on Airbnb/VRBO and compare that way.

HOA fees are usually higher but compared with a 25% management fee,at another complex....condo-tels can be profitable for sure.

If you're comfortable taking on more effort for bigger rewards, BRRRR might be the way to go.From a tax perspective, BRRRR may be better because you can potentially benefit from accelerated depreciation on the property, which can help reduce your taxable income and give you a bigger tax advantage compared to a turnkey property.

Maintenance and repairs typically range from 5-7% of rental income, compared to the standard 10%, as new builds have fewer immediate issues.

My example was to compare and contrast, in general, that you will not find similar terms to what you find for US properties.