You did purchase the property in one tax year and are selling it in another tax year which satisfies one of the court rulings. 

If the signs point to selling, consult your CPA about the tax implications.

But with all the syndicators out there NOT all but many also getting stuck with their deals needing to recapitalize because interest rate rise and tax's and insurance rise was not planned for or contemplated these are legitimate actions to take to protect the greater good. 

@Andrey ShostakA tax calculator would be nice.

I have focused my research on house hacking due to the lower upfront capital requirements with an FHA loan.

Typically its done for open space or use for community property (ie. fire station location or other county use) and typicaly would assist in increasing tax base.  

Thanks.Hi Courtney,BiggerPockets Pro members get access to all Stessa core (free tier) functionality – plus unlock exclusive access to advanced features, like unlimited portfolios and Schedule of Real Estate Owned (SREO), all at no additional cost.BiggerPockets Pro members have free access to all Stessa’s featured benefits as well as advanced features, like unlimited portfolios and Schedule of Real Estate Owned (SREO) – giving Pro members exclusive value not offered to Stessa Free members.Simplify tax time and help maximize deductions Organize financial data and accountingEasily track key property metrics to optimize and boost ROI. 

I would recommend an STR for the best tax benefits and cash flow no doubt.

You have to adjust your expectations to match current reality, which includes higher mortgage rates, higher prices, more expensive taxes and insurance, more competition, etc.

I prefer to stay further from the coast and hopefully further from major storm/flooding events (potentially lower insurance costs).