Once they get 1% of landlords revenue I could see it going up to 2% ,3% in the next years .On the related note San Francisco is also proposing an additional tax on businesses for the homeless . https://www.cnbc.com/2018/07/17/san-francisco-to-consider-tax-on-companies-to-help-homeless.html——OAKLAND — As the Bay Area struggles with an alarming homelessness crisis, voters may soon decide whether to force Oakland’s biggest landlords to pay up to help house the city’s most vulnerable residents.Oakland Councilwoman Rebecca Kaplan wants to impose an extra 1 percent annual tax on rental revenue that exceeds $200,000, and use that money to fund homeless shelters, help homeless residents secure permanent housing and clean up the sprawling encampments that line many of the city’s sidewalks.The city needs more money to tackle the problem, and collecting it from Oakland’s biggest-earning landlords makes sense, Kaplan said.

But it surprises me that a $700K structure placed permanently on a tract of land and used for productive purposes would not qualify for 1031 treatment. 

Fat fingers.

This will return some equity and put you into a permanent loan at more favorable terms.

Hello,I am a US permanently living overseas.

Hello,I am a US permanently living overseas.

Some more explanation of all the multifamily permanent loan options: https://www.biggerpockets.com/blogs/9562/72944-all-the-multifamily-perm-loan-options

After that, put in a dehumidifier with a drain hose pump (So that your tenant don't have to go there to drain it everything it is full) until you figure out a more permanent solution. 

@Shea Spinelli - Why permanently give up any cashflow?

For a permanent solution of the bulging walls, the Engineer recommended a system of steel shoring and diagonal braces be installed in the basement under the floor and against the building foundation.