That present's an opportunity for additional capital does it not? 

Feel free to reach out if you have additional questions.  

Since 1031 is tax deferral, I assume the gain is calculated with the likely substantially lower basis from the pre 1031 property acquisition + additional cost over the years.And yes, recapture all depreciation ( on both prop before and after 1031) make sense.

He can extend an additional loan to the borrower, especially if the borrower has additional collateral to put up.  

I can pursue a legal action against the tenant or Baselane, but this will cost me additional $2-3K in legal fees besides dealing with a loss of at least $5K of rent and damages caused.

In addition, the tax implications are better on a refinance which you will be able to deduct. 

Additional Details:The property is in a desirable area with good amenities nearby.STR data from AirDNA shows decent revenue potential, but the lack of comps makes me hesitant.I’m looking for a balanced approach that minimizes risk, even if STR performance doesn’t hit expectations.If anyone has experience investing in Cincinnati or navigating markets where STR data is sparse, I’d love to hear your thoughts.

Additionally, can anyone provide any input on the developer?

No additional locks shall be placed on doors or windows.

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