Try searching for people in your zip code and then read their profiles to see what activities they are involved in.

Here is the code from 4975 explaining prohibited transactions.

Purchase price 80k cash close in 3 days ( they are 3 days away from the water being shut off) So cash talks and you know what walks.. 30k in back water bills and a few other code violations and such...

Be very clear in what you are asking for.In case this is helpful, I ask for these fields in their report:Parcel Number, Owner's Name, Owner's address, Property address, Property Use Code (zoning), Assessed Value, Lot size, Delinquent tax amountMore often than not you'll find that they will not supply everything you need.  

Obviously it is being rented illegally and the city has found out and issued the seller 2 code violations.

Hi Jason, I would lean toward the 121 Exclusion (Section 121 of the Internal Revenue Code) because it would lock the gains in tax-free (vs. tax-deferred through a 1031 Exchange). 

Do you have ZIP codes in mind that you like in Ft Lauderdale for multifamily ?

Would love to get your thoughts…I've built up a reputation and rapport with agents, and they'll sometimes just give me the lockbox code.  

It could have framing that isn't up to code under it or plaster that's been furred out or even suit from fire damage (I've seen it).

Sell it, realize the only true "free capital gains" income the tax code allows.