You've created a ton of equity.It's challenging to roll over the money with a 1031 into a syndication.

I belive the property will be a challenge to sell because, based on comps, its over priced. 

There are some challenging areas, but also some great areas that we think will appreciate nicely over the next 10 years.

They have a mix of solid rental demand and still offer relatively affordable entry points.FWIW, those aren't areas I specifically invest in today but they will give you some anchors and are examples of strong neighborhoods.As for schools, it’s true they can be a challenge in a lot of Detroit.

A buddy of mine in San Antonio faced the same challenge last year.

I have never claimed anything and still they gave me a lot of challenges when it time to renew.  

@Ian M.For the owners hiding behind the bare trust agreements, you can pull up their names by doing an online search for "David Baines: Real estate investors settle class-action lawsuit" Mr Baines before he retired was a business columnist for the largest newspaper in British Columbia, the Vancouver Sun.In this article you can see the payment the defendants (who I am talking about) had to pay out to the plaintiffs.

In our experience, if rents have to go up that much, then non renewals is the much easier route.It is a big challenge to raise rents that much to existing tenants.

Trying to prove criminal is challenging whereas going after them in a civil case is much easier to prove and the way to get your money back. 

Hang in there—it’s a challenging experience, but it’s part of building landlord know-how.