Property you purchase with the intent of holding for productive use in business trade or investment and not primarily for resale does qualify for 1031 treatment.There is no statutory holding period but in general the longer the better.  

Then use your due diligence period to dig into the operating data and physical condition of the building to make your final decision.From what you posted, it sounds like it could be a winner.Good luck.

Rinse and repeat every couple years and you'll have a nice portfolio in a short time.As they say for Tempe: it's landlocked, and they aren't making anymore land.

Are there special short-term / long term rental taxes for these type of properties.

Any less and your in short sale territory.

Forming/ placing even a short wall is of course more expensive than a slab.  

HiI am from Northshore Chicago,would like to invest in  property went from short sale to direct into auction ,but don't the process of auction very well.

I'll be by shortly can't stay but want to at least meet up so we can do this on a regular basis 

I'm attaching a short survey and your participation would be truly appreciated.

Cost to refinance the short term bridge loan into a long term mortgage was not calculated.