Jason, I'm a Property Manager, I'll send you a private message.  

Shoot me a message if you want to discuss anything specifically about the area the property is located in.

There is going to be a special assessment soon of about 2,000 + 2 years of an additional 150/month.I can't deal with tenants calling me constantly with every little thing that is wrong (my pipes tend to clog) so rental would be contingent on tenant handling these things on their own.If I do sell, I would put the money in a mutual fund.What do you think?

@Kirsten Goble I am a investor/broker in Detroit and specialize in foreclosures (property tax and mortgage) and have dealt with all sorts of lenders and banks, depending on the "restrictions" there maybe multiple options to accomplish what owner is looking for.

@C Rosenberg, tagging you as a messed it up in the first message.

Do you have any CPA referrals who specialize in 1031's? 

Are there any special exceptions listed in your owners title insurance policy concerning this land?

There is only handful of lenders specializing in this type of loans, here is a list:https://www.biggerpockets.com/blogs/2810/50272-lis...

Message me if you want more information. 

Thanks for the messages!