If you have a long investment horizon, then converting to the Roth IRA will be more advantageous than keeping the traditional IRA.  

I sold it in 2007 for $450,000 and did a 1031 exchange with the proceeds and bought another lot for $475,000 The market naturally has dropped since then, but I still would like to sell because I don’t see any signs of appreciation on the horizon.

Your time horizon appears to be quite longMy two cents...worth at least as much as you paid for it.

My only advice - don't get too invested in LV real assets right now if your time horizon is short.

It depends on your time horizon and where the additional capital will be deployed.Fundamentally the 15-year seldom offers many advantages unless both of the following conditions apply:1. 30-year money is A LOT more expensive at the time2.

However if you can look at longer time horizon and become a buy and hold investor who occasionally sells a property then 1031 exchanges can be the most powerful tool in your arsenal for tax relief and enhancing ROI

Glad I smelled  something fishy on the horizon 3/20, things are looking up on my side of the fence.

There are more variables that are not entered into the discussion including how much money do you have, what are your goals, how long is your investing horizon, etc.The first question is rhetorical and not to be answered here on a public forum.For my real estate investing, I did not have any money so the first 11 properties were bought essentially 100% financed. 

My advice to Ashley would be to spread your horizon and look into bigger markets other than areas like 8 Mile Detroit.

I ran a NPV and IRR caluclation of Fundrise's expected returns for my $1,200 (assuming $100/ month contribution) over a 5 year horizon.