There are a lot of work opportunities in NYC of course.

So developers are building multifamily on these parking areas.Since these areas aren't located on top of residential areas, the zoning approval process has a lot less friction and resistance from NIMBYs.Here's an example in Rochester where an old Sears was turned into apartments for seniors.https://www.passero.com/projects/skyview-park-senior-housing...For multifamily developers, this could be an opportunity for building and partner with the mall owners.

I can't post the link here, you can dm me or search online. 

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

Not even one good investment opportunity over there!

At 2.8%, you have an opportunity to leverage the cashflow you get now to invest in other areas (you already mentioned this too). 

I've never done any Sacramento STR loans and only been hit up for one potential financing opportunity there.

Plenty of great opportunity here. 

I was seeing information online that suggested both routes...Thanks in advance for the help!

Do you have the case online?