This set up would skew your capital gains treatment in your favor (moving more of it to LTCG vs. short). 

Thus, recharacterizing some of the principal payments as ordinary income, (taxed at rates usually higher than long term capital gains treatment)https://www.irs.gov/taxtopics/tc705Good luck

"An opportunity zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment.

If not, it won't qualify for 1031 Exchange treatment.

I'm a big fan of ozone treatment but it really works the best when you pull the carpet and get rid of the source of the smell as best as you can.

. #3 - we tried a similar treatment on the carpeted ares but ended up having to replace the wood/subfloor after removing the carpet.#2 - the problem with baseboards, trim, and sheetrock is they are porous.

If they are in a drug treatment program and no longer use drugs, the Federal Government considers them handicapped and protected by the Fair Housing Act.12.

A parking arrangement is designed to “park” the desired replacement propertywith an accommodation party until the taxpayer arranges for the other steps of 1031.The safe harbor provides that the IRS will not challenge the qualification of property as either replacement property or the treatment of the accommodation party as the property owner under the like-kind exchange rules, if property is held in a qualified exchange accommodation arrangement (QEAA).

Per 2 different neighbors, been sitting a very long time as an eye sore in a million dollar neighborhood.

You are doing the correct thing by vacuuming the carpeting after the professional treatment.