So can't do any short or medium term until the lease is up which is April next year.I have been thinking about about 1031 exchange as well but I will have to be ok taking a considerable loss on both properties.

If this was a huge dump of a home that was built in 1890 and needed completely new mechanicals (electrical and plumbing) then I would actually consider it and exchange it for a home that is newer (modern layout, newer mechanicals)good luck

I've been happy with the service of the 1031 exchange intermediary I've used in the past.

That means I made a killing on the appreciation and I can exchange it in to something else. 

Plus maybe you do a 1031 exchange 3 in to 1, save all the taxes and reduce the number of loans by 2.

Real estate mutual funds are exempt from registration with the Securities and Exchange Commission or the SEC, and they are exempt under what is known as Regulation D, Rule 506.

Since you're selling 8 SFRs, this could break up into multiple distinct exchanges (most likely), but you have the option of combining multiple sales into single exchange purchases. 

You would hand that check to the lawyer who is performing the auction in exchange for a bidding number. 

Happy to exchange insights! 

Use a template because the wording must be precise.2) Check City and County rent control protections.