I agree with Michael, I would consult a CPA for this, preferably one with RE/STR experience.

NOtes are much more complicated with a lot of regulatory issues etc that buying RE simply does not have.

So many things can go wrong in a RE transaction that you don't want to risk it unless it's very small like $500.

I manage all my properties except one so it would be hard to say I don't have the required hours.I also don't have a day job and RE is all I do.

Others I re-financed to get cash.

The county assessor has it as $502 but says that is a placeholder for all land values in the Pima County area.Our next option is to find a RE professional who can perform a limited scope land appraisal by pulling land comps from the area. 

I had trouble paying rent during covid crazy (slow income non RE related) and wonder if this could have helped at that time.

Here you will connect with local investors and RE professionals. 3.

I've been thinking about re-financing it ASAP. 

This was a full rehab + re-create the floor plan What was the outcome?