To intentionally reduce the leverage more than required is a foreign concept to me especially in the San Diego market.  

the note is converted or exchanged for credits?  

Quote from @Patrick Albright: You could look at doing a 1031 Exchange to avoid any tax hits this year. there is no tax. 

To wit, people might find this thread and exchange for years to come (I am cognizant of that future audience as I write this).

The learning curve is probably great on importing large quantities or even just large things from a foreign company.

Use 1031 Exchanges to Defer TaxesIf you’re selling a property, a 1031 exchange allows you to defer capital gains taxes by reinvesting the proceeds into another property.

Or any amount of cash you take out from the exchange are considered to be profit. 

I'd love to connect - I'm licensed in AL and actively work with Foreign Nationals, I am working a portfolio deal right now for someone who also lives in Israel. 

We would like to connect to exchange our experience.

While my husband and his ex make a similar income and do not exchange child support due to us pointing that out in court a couple of years ago, she actively request all financial documents that she possibly can and examines our taxes, etc.