If I can do this my case will be much stronger for a private lender to give me money in exchange for moderate returns on their money in the form of a note. 

Some report bitcoin has two values ( intrinsic) storage and exchange.

I am now considering holding and waiting or the 1031 to a different area assuming the equity drop in in garland only. 

Let time do it's thing over 5-10 years, you can take advantage of the tax benefits in the meantime then 1031 exchange into lower cost, higher yielding markets to achieve those goals.Great thing abotu real estate is if you have the capital you have options and options are always good.

I may consider selling off my Indianapolis area SFHs to 1031 exchange to Nevada (Reno or Vegas, looking at those 2 markets) - I think my kids would rather have another home in Nevada (future primary, vacation home or rental) vs dealing with rentals 2000 miles away.

The LLC has to do the 1031 exchange because that is the tax return reporting the activity of the property. 

I was thinking it would be nice to start a small network group and possibly exchange some deals!

They explained that Fannie Mae (according to an exchange with their Servicing Portfolio Manager at Fannie Mae for a similar but not an exact loan) does not allow PMI removal for improvements already included in the original loan’s scope until after a two-year seasoning period

Fortunately, you will be able to to a 1033 exchange into new property and avoid any tax on the gain. 

Securities and Exchange Commission (SEC) regulations that allows companies to sell their securities without having to register the securities with the SEC.