Short Answer is yes, via interest tracing rules. 

Once they exercise seller financing, the property is sold and all 1031 rules apply. 1031 has specific timelines.

Caveat Emptor is the rule of the day in these tax and foreclosure auctions.PS there is generally no do overs LOL

A roof replacement alone could cost $8k-$15k.Here is a "general" rule of thumb for my market in Jacksonville, FL.

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.

But with the recent change to depreciation rules on overseas properties, perhaps Japan is worth exploring again.Sorry I don't have much to add, but I've been following this conversation for the past couple of days and figured I'd say "Hello!"

I'm not sure about the other rules at the moment. 

So, the rulings aren't necessarily as consistent as you would hope. 2.

My logic behind a area to hold is basically is in my zone of knowledge that means close in and in a  A-B area .BIG fish can have the whole USA in their  zone .Outside of my zone I am thinking flip it there are exceptions like all rules . 

This requires an independent appraisal valuing the property at $400k and proper documentation from the seller confirming the $200k donation.Ensure the church is a qualified 501(c)(3) entity, and consult your tax professional to comply with IRS rules.