That does not trigger the tax. 

I feel like it will be more of a job to have to access/replace these pipes, repair dry wall and the floor.

So typically do 1-2/year and the profits I have been able to make still more than offset the rental income I make by many times over.The risk is that with flips, the deals dry up. 

Will the change in title (ownership) trigger a tax bill because we used 1031 funds to buy the property? 

Hi @Christian ValenciaDid you ever pull the trigger on this Endicott property.

You are going to a different Building Code standard that usually triggers fire protection, usually a residential sprinkler system in at least the unit you are creating.

The purpose of this program is to put capital to work that would otherwise be locked up due to the asset holder's unwillingness to trigger a capital gains tax. [1]To qualify, the Opportunity Fund must invest more than 90% of its assets in a Qualified Opportunity Zone Property located in an Opportunity Zone.[7] The property must be significantly improved, which means it must be an original use, or the basis of the property must be double the basis of the non-land assets.[8] Capital gain taxes are deferred for investments reinvested into investments in these zones and, if the investment is held for ten years, all capital gains on the new investment are waived.[3] Opportunity zones are census tracts designated by state authorities.

But property need to be sprayed and tented for dry-wood termites and needs all new roof.

I once outbid 19 other offers on a property in MLS because I got their first (I was triggered the minute the property went live on MLS), and I knew the floorplan and could speak intelligently to the agent about the property and neighborhood, so he knew I was less likely to cut and run like many investors who throw offers out there. 

Would love some help and feedback before pulling the trigger.