It was held by the previous owner for a very long time, so I wouldn't be surprised if some basic facts about the house are incorrect.

Many Naive subject-to first timers think that as long as they make the payments, life is good.

Because there are nuances to seller financing, a lot of space would need to be devoted to covering the subject to make sense, and that requires sitting down to a cup of coffee for a long discussion.

One long-shot option is to offer a lease at something like $1,300. 

I’d love to hear your thoughts on strategies to achieve breakeven or positive cash flow in the long term.

If your project takes 4 months instead of 2 by hiring a GC it may end up costing more in the long run.

We are based on Long Island but invest in Milwaukee WI. 

I would like to build a duplex on it for long term rental income.

Cash flow is real, but it’s often a long-term play.

@Ajay Bodas There is no formal timeline in section 1031 that says how long you have to hold the property before changing the titleholder.