@Bryce Nerland, I second the request to share this exchange of secondary syndication positions.  

If it's working as an LTR and you are cash flowing, I'd be willing to bet that the juice won't be worth the squeeze in converting them to STRs. 

To fund their bets, they pulled money from bank accounts or sales of vested Meta stock.

Offer your skills and knowledge in exchange for theirs. 

The foreclosing entity will file a motion for relief, get it granted, and after you bought 30 days in exchange for destroying your credit, they go to sale anyway.

From what you laid out, a bank statement loan might be your best bet.

Lending: You bet.

And  if we did a 1031 exchange later, I think I'm correct that having this cost basis established at today's market value vs 2001's cost + improvements would serve me better in the 1031.- The depreciation amount for my rental house would be maximized bc would be set at the selling price / current market value vs 2001 cost basis + improvements.

@Dennis Carter IINot an attorney but I do not see why title insurance would cover this as there was no written agreement that was missed it was verbal - there was nothing they missed.Sounds like your best bet is to drill your own well.

A couple of years ago I sold an LTR and 1031-exchanged it for an STR in the NC mountains.