This can give you some kind of idea. 

Thanks again for your guidance this is exactly the kind of practical advice I was hoping for! 

Rent and refi won't really work, rents are kind of low in that neighborhood.Best would be if I had a crystal ball to make decisions, but as mine isn't working, I'll take your advise on how to decide these things.TIA!

Wow @Jay Hinrichs you are kind of a celebrity!

We’ve also found that at least one of the authorities (Jefferson county) started to run some kind of property specific rental comps which can also affect the max they’re willing to pay. 

I have been looking into what kind of lending options I would be eligible for on properties for BRRRR or flips.

These are the kinds of questions business and tax planning would help you to explore, think about, and answer.

If a tenant sues you, it's kind of up to the judge but I also see them siding with the tenant because it is rather black and white. 

.- Individual 1031 Exchanges: Each partner can then independently conduct a 1031 exchange with their share, deferring capital gains taxes by reinvesting in like-kind properties.Considerations:- Timing: The IRS may scrutinize transactions where the "drop" (distribution) and "swap" (exchange) occur in quick succession.

There are very few lots more than 7,000 sq ft in this area, and small townhouse like homes will not sell at 2.4m, the only homes selling at that kind of price are single family luxury homes.