It sounds like most of your issues were insurance-related, which indicates this is a risky market based on natural disasters or something.

Those might make good rentals...but also there can be extra costs...see if they are in PIDs/PUDs or MUDs that add significant cost to the monthly payment...maybe $100-$200 extra a month.Also $2500 sounds high on rent to me for 1800sqft....I would think more like around $2000/month, but haven't looked in that area lately.I do like Forney....one issue is I don't think there are good demand drivers there. 

It may sound harsh but that's just the reality of it. 

Taxpayers perform more than 750 hours of service in real property trades or businesses in which they materially participate.With you not working a W2 job and likely working on these properties full time, it sounds like you have a good chance to qualify.

It sounds like you’re off to a great start with your first fix and flip, and Santa Fe is an exciting market for real estate.

Telling us you've "joined a family" sounds like a cult.

Which sounds like a 95k gain.And yes, when the condo is sold you could opt to do a partial 1031 exchange with those proceeds and keep some for yourself.

In your situation, it sounds like the primary focus for you is more a quality of life play (reducing your commute time), and the STR may allow you to break even cash flow wise? 

That's a huge achievement, and it sounds like you navigated some real challenges along the way.Your story reminds me of a project I took on years ago.

Hey Jason,Sounds like it is time for you to refinance your properties into DSCR loans.