I appreciate everyone’s feed back and responses!

However, Cincinnati HUD is apparently backed up so we've yet to see the payments for the rented units from October. 

Quote from @Evan Polaski: @Dave Cali, while tend to agree that office will come back, from a higher level I am not sure how much interest you will be getting from these forums.  

Here's the original post: https://www.biggerpockets.com/forums/517/topics/1222034-pote...Thanks to @Michael Plaks for highlighting that the 12/31/2024 deadline and the enforcement and the penalties are back, as of 12/23/2024!...

Yes if you hold it long term (really long term), you may get back the same amount that you would have received by not paying capital gains, but you have to hold it long term AND have the house appreciate. 

The aspects that would make me look very hard are: 1) how do I ever actually get my $$ back out of the UPREIT?

Throughout my back and forth with real estate, I've always come back to small multifamily properties.

Let me back up a bit.I had a Roth IRA that was going nowhere.

Then, after I had experience and several wins, people were willing to partner with me on deals, or lend to me in second position for a short period of time to help with the down payment and with repairs and then I would pay them back when I would refinance.

At that stage I may reach back out with some additional questions.