I have owned houses in 'floodzones' that would never flood except in a once in a lifetime situation.

When I looked into IRA accounts, I found that it didn't do service to my situation.

.: Quote from @Chris Allen: Long story short, I am in a difficult situation with a property of mine and need to get rid of property.

We're often helping each other problem solve our listings or helping with specific situations that are occurring at our properties.

You might consider other strategies, like taking a home equity loan or refinancing to fund repairs, but consulting with a tax professional or CPA would be the best next step for your specific situation. 

But I don't know your personal situation and all the financial details. 

If a landlord plans to hold the property for a while, we always recommend an annual lease, ending to align with the summer leading lesson, or staggered with their other leases depending on the situation.  

I purchased sub2 a handful of times for fix-and-flip types of situations, where I was in and out of the deal in 3 months.  

They will do magic for your financial situation.  

There are many tax accountants on Bigger Pockets that can help you with your situation.