We had a failed attempt at 1031 exchange last year but were able to eventually buy an apartment building so the losses generated by the cost seg. study will cover the capital gains we would have had to pay.

There's no guarantee that you wouldn't get a fine if DOB gathers that the unit is actually occupied as an apartment, but it does happen that people who attempt to legalize existing illegal conditions before they are discovered by the city avoid a fine.

So far I have racked up $600 in plumbing bills attempting to rectify the issue.

I've attempted to contact each utility company  and they have been less than helpful. 

You would not become a pro footballer if you never went through the trenches of practice and conditioning your body and learning strategies.

So she rather sell it then hold n attempt to build.

I attempted to get the loan thru Quicken first.

I will attempt to get her to read Rich Dad Poor Dad.

The purchase of a license (read all material from the governing body in your area.

@Juan Carlos Cabrera I assume you are going to attempt a short sale.