Is this a possible asset transfer that will meet the tax requirement of a "like" property?  

I think Eric Lee at Proline Tax Advisors does it: http://www.prolinetaxadvisors.com/The legal filing with the state is essentially the same no matter who you use.

In looking up the tax records it appears to have been bought on a short sale back in 2013 for $85,000 and the owner took out a mortgage of $63,000.  

If you want to access some of the funds from your 401k for personal use (investments), you could utilize the participant loan feature, which would allow each participant to access up to $50,000 of your retirement funds, tax-free and penalties-free.

Some areas you can concentrate your efforts in are 1) Ruskin - New amazon warehouse employing several hundreds of people here2) Lithia / Fishhawk area - Great schools but beware of high CDD + HOA + Property taxes that'll eat into your COC return3) Winter Garden - Booming market in orange county, has a new hospital and several new business coming up.  

There were no recent comps, though the neighbors property 2 doors down sold for $290,000.00, in August 2013, so I knew we were on to something.We picked up the note for $9,850.00, and covered the past due taxes of $4,479.90 to keep it from being lost.

You get potential cash flow, tax shelter and appreciation.

HOA, special taxes, and such...just made for a buz kill!

An exception for water may be a duplex situation where there might be one meter for two units and thus the landlord MIGHT keep the water in their name and bill the tenants.Cost of trash pickup is dependent on the particular area (we pay for it as it is added to your yearly taxes).Utility responsibilities are discussed with applicants during their walk through. 

With that type of financing you would only pay about 31/2 percent down paymentDepending on your financial situation you might want use an Attorney and/or a tax attorney to give you advice when you know what you are investing in.