I'll keep these cabins indefinitely given their numbers have property management built in.

This introduces the possibility that a resident can live in an illegal space indefinitely for free. 

Central IN definitely has some great opportunities

These are very smart people who can prolong the process indefinitely. 

Indefinitely tax deferred if you decide to use it as an investment. 

You could also do a 1031 exchange and indefinitely defer all the capital gains tax.

Most investors don't want to part with their money indefinitely.2. 

@Timothy Lin  The idea of the 1031 exchange benefit is to allow investors to use the capital gains tax they would otherwise have to pay when selling their investment property, And keep the profit from the deferred tax in their pocket.You get to indefinitely defer it into any type of real estate that that might meet your needs better. 

The 1031 allows you do that and keep the tax indefinitely deferred.  

I thought I was getting an amazing deal but what I'm ending up with is; essentially locked into closing on house where everyone expected the current tenant to leave cooperatively however, he is now planning to stay indefinitely without paying rent until getting evicted.