It would be a perfect investment property!

Perfect blueprint for anyone starting out in wholesaling.

However, in no event may a postponement period extend beyond: (a) the due date (including extensions) of the taxpayer’s tax return for the year of the transfer (See § 1.1031(k)-1(b)(2)(ii)); or (b) one year (See section 7508A(a)).(2) A taxpayer who is a transferor qualifies for a postponement under thissection only if--(a) The relinquished property was transferred on or before the dateof the federally declared disaster, or in a transaction governed by Rev.

Total hands off, perfect property, with awesome tenants who pay on time or early and never ask for any repair. 

First of all, a multi-year lease should be a hard "no" even if it was a perfect tenant.

There is not enough meat on the bone to involve an agent or an attorney.  

Unless you're financially prepared to deal with these issues and accept that 'once you know, you must always disclose' defects, I would move on to finding what is truly a good deal - as a good deal is only as good as its bones.  

People are always looking for that perfect beachfront escape.Another reason these areas shine is how friendly they are to short-term rental owners.

The home has great bones, but needs a cosmetic flip.

It won't be perfect of course, but it will be a step up from the laissez faire system (or lack thereof) that we've been using in the past.