I recommend connecting with @Zack Karp to see what you can do in this situation.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Seek out mentors, seek out a greater understanding of the connected whole.  

Due to the extensive work needing to be done the seller is willing to negotiate the price from 110k - 125k once we have properly explained the work that needs to go into it. 

From personal experience- electric can be very easy, because if wired properly, all circuits should be separate already and connect to one breaker box.

I'm a private landlord, new to the Philly market, and I'm eager to connect with another experienced landlord who can guide me through this thriving market.

As long as I do the 1031 properly (intermediary and all) and don't touch the sale proceeds, nothing changes from the interest tracing perspective? 

I’m a very social person where I can have connections with anyone and who will respect me as a person.

I'm a central Houston agent, developer and investor; feel free to reach out to connect or if you have any questions. - Chris Kersey 

Ideally, I would like to buy in the Catskills since it’s close by, a popular year round destination from the city and has a history of vacation rentals but I know there’s more and more talks of regulations so I am open to other areas and would love to hear your thoughts/experience on the area.Would love to connect with anyone who has interest in the area and the short term world as well as agents familiar with STR who could help us in our search.