In this case, correct, 1031 exchange is not available. 1031 exchange is property for property, and an interest in a partnership normally is not (with a few rare exceptions, so you may want someone knowledgeable to give you a second opinion for your particular situation, which requires reading your inheritance documents.)Whether or not you have any mitigation strategies totally depends on your specific situation and requires a one-on-one. 

Now, we own 65 apartment units and 80,000 SF of commercial warehousing.Let me know if you have specific questions. 

Curious—are there any specific markets you’re targeting right now that you believe will outperform the historic national average?

The data specifically identify trends based on sales volumes and prices.

All of real estate is state specific - while nationwide laws exist the judicial courts often rule differently in different jurisdictions3. when new or inexperienced you don't know what you don't know - advice on BP or from Google searches are only a general guide - you'd be surprised at how often the advice does not apply to your specific situation4. there are often two, three, or four or more ways to accomplish the desired result.  

The answers are individual specific; people can tell you what they'd do, but without a thorough knowledge and understanding YOU it won't have much relevance.Here's my suggestion - read books, search for biographical information, and become familiar with people who have accumulated a good size portfolio of real property, to see how their ambitions, experiences, knowledge, and personal attributes align with yours.  

This is a Chicago landlord problem, regardless of if the ordinance affects your specific area.

I am looking to focus my investing on the commercial space specifically value add apartment complexes.

@Michael Wyatt do you have recommendations on any specific software that can help me analyze properties 

Lenders often require 30-40% down.Cash flow considerations – Since all expenses must be paid from your IRA, maintain liquidity to cover unexpected costs like repairs and vacancies.Rental properties vs. commercial deals – Residential rentals and commercial properties can both be great options, but keep in mind management complexity and income stability.Generally speaking, stay compliant – Avoid prohibited transactions, such as personally guaranteeing a loan, living in or personally managing a property, or transacting with disqualified persons (yourself, spouse, ascendants, or descendants).Diversify your portfolio – While syndications and real estate are great, consider mixing in other alternative assets like private lending, tax liens, or even notes for additional risk management.Work with the right custodian – Make sure your SDIRA custodian is well-versed in alternative investments and has experience handling syndications and non-recourse financing.If you’re looking for specific lenders who offer non-recourse loans, I’d be happy to point you in the right direction.