Property that qualifies for 1031 treatment is property you purchased with the intent of holding for productive use. 

You do get preferred treatment as far as getting your offer accepted though, since a cash offer usually goes much faster to close.  

The IRS is making it very difficult for any kind of development activity to get  capital gains treatment let alone be eligible for a 1031 exchange.  

I would immediately higher a exterminator to inspect/ give a written plan of attack/ begin treatment to correct.  

Jeff is a widower who has some debt remaining from medical bills from his deceased wifes cancer treatment.

@Jason Harbison, certainly discuss this with your CPA (I'm not one), but I don't think you'll qualify for long-term capital gains tax treatment.

I used to work in the residential treatment space.

is it because of asset protection, better tax treatment or putting on a " entrepreneur" hat with business entity/cards in place.

There were a couple options for the warranty on the treatment. should I go with the 1 year warranty or the 5 year for another $450.

General consensus around here that I have seen is that:Buy and hold guys don't want the liability of a tenant getting sick or claiming to get sick from exposure to some area that missed treatment, or the soil in the yard if it has some unknown contamination.And flippers aren't willing to gamble that they got it waaay low enough to take the back end discount that they will need to likely take to get a end buyer to purchase.That is what I've seen pretty much every time this question has been posed in the past.