https://www.car.org/-/media/CAR/Documents/Transaction-Center/PDF/QUICK-GUIDES/Quick-Guide--Cannabis-Marijuana-Issues--Sale-of-Residential-Real-Property-revised-22822.pdf

@Dominick Tonnarini, The only issue with your plan is that you will have to pay a sizable tax on the sale of that property when you do sell. 

Hail is the bigger issue in my opinion. 

Here's how to overcome common excuses:1.

Section 8 tenants will generally not tell you issues in the property and then tell everything to the inspector which gives you a short period of time to get a lot of work done or you will get abated and lose the rent for that portion.Section 8 tenants are MUCH harder to evict than normal tenants.Happy to talk more about this if you want. 

Unique features boost value, but issues like pests or noise may not be accounted for.

in future I won’t put down 10k deposit neither. as far as what I know that sellers agent said they have another offer on hand, that wasnt too long after the price drop to 224k, i might have trust issue but maybe she made it up?

Quote from @Jon Fletcher: @Kevin Sobilo Maybe I'm misunderstanding but that doesn't seem to be much of an issue.

I have never had squatter issue here.

You do not want to refinance relinquished property shortly before you sell it in an exchange.As a general rule, the IRS will take issue when a taxpayer refinances and strips equity out of a relinquished property shortly before selling it in an exchange.