The caretaker would be required to assume paying taxes and insurance plus upkeep.Both units need a fair amount of work prior to being rentable now that it’s been vacant so long.

I also could have sued him for my full commission because I had him sign an exclusive buyers agency agreement prior to the showing, had I wanted to.    

The pipes have to be dewinterized so I would have a plumbing professional there prior and when the water gets turned back on just in case.

Now, if she did that in a prior year, you technically would have paid less taxes than you should have and will likely need to amend your return.

What are our options and what should we expect if we structure our llc prior to looking into lending options?

We do also offer this as a pre-purchase service, prior to purchase to see if the site is viable.

If you and the tenant can work things out amicably and determine a move out date + monetary amount for early lease termination I'd also speak with them about having permission to show the unit prior to their move out date. 

One was appraised prior to construction at $540k and its been on market for 5 months at $450 and not moving.

A 1031 exchange is a great way to indefinitely defer the tax and use it to grow your RE portfolio, and build long term wealth.The most important factor in a 1031 exchange is that your qualified intermediary must be in place prior to the closing of the sale of your old property.

Prior Theories: It could be turned commercial (no)A residence could be built there (no)They bought it to sell to me at a profit because I am the only one who cares about this.