I'm not a tax expert and dont know how this would conflict with the tax deferred basis, but if doable, this isnt a bad option, either. 

It takes hustle, but once you’ve got the right mix of funding, project management, and lender relationships, it’s totally doable!

As long as it's fully occupied it should be doable even as a first timer. 

Thank you.If they’re in the same state, it should be doable in a portfolio loan.

But terms have to be doable.

Hi @Janet Runes,Selling a property with tenants in place is definitely doable, especially with the right buyer—usually investors who value the steady rental income.

But it is very doable...1.

I think there are two maybe 3 ways to look at this in my mind.  1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area? 

Holding is doable but it depends on your financial position, with a refi you'll have costs to do that and your numbers would be different.

I think this is doable with my midwest market, but difficult with current borrowing rates.