@Sam Liu This is a common concern for people who are looking to do 1031's.

But, this market is getting wrecked, and will continue to get wrecked, as far as the owners of rental property investments are concerned.

.● Project the exit capitalization rate (exit cap).When facing objections while raising capital, it's important to dig deeper to understand the true underlying concerns.

I've considered selling to investors, but I'm concerned they might want a substantial price cut, which is why I'm trying to sell it to residential buyers first.

Just a heads up.So you calculated out you need  $6 million worth of apartments to hit your goal.A commercial loan may require 20% to 30% down in cash, cash reserves, working capital, and closing costs.You will also need earnest money cash.The lender may also require certain repairs to be done Shortly after the loan is made.The lender may also require the Property to be stabilized as far as occupancy percentage is concerned, leaving little on the bone as far as sweat equity.Good Luck!

The issue is I've lived in cities my whole life and feed off social life, something I'm already concerned with having when I'm working remotely.I'm currently eyeing cities like Chicago and NYC, the latter of which I have not lived in and have been doing some digging on.

My main concern is that you may have paid "too much" for your condo to begin with?

However, I would be more concerned about creating more taxes.  

My question is do I need to be concerned and can I give the ex husband a courtesy call?

Among other concerns, many simply feel the fees of property management are too high.