I drove a 79 Olds Delta 88 for a while that looked like a mosquito fogger going down the road, that burned & leaked so much oil you had to keep a case in the trunk and add oil after any trip; you had to disconnect the battery every time you shut it off for more than 15-20 minutes because the short was so bad.

Some recover, case in point "Lego," check out their history.

If that is the case in your market it is more of a traditional pyramid scheme in that once that foreign money runs out or the local investors tie up their capital, or the prices get too high where cash flow markets stop working (looking at you Cleveland), than at that point the demand drops.

I have a protein shake for breakfast, chicken salad (with low fat mayo and mustard) for lunch, and whatever my wife cooks for dinner.

Spend the afternoon pulling files, one at a time, starting with the most recently filed case in registry of actions and work backwards.Probate is a world of hurry up and wait.

I Would think it would be a rare case in Ca where the current rents justify the RE value (certainly is not the case in my market).  

Case in point: I had a tenant that was 74 years old on disability.

Sometimes you just have to eat some costs (opportunity costs in your case) in the beginning to make what you want in the end.

In that case, in order to defer all tax you would need to purchase at least as much as your net sale (roughly the 200K) and you would need to use all of the proceeds (the 200K - loan payoff) in the next purchase or purchases. 

I'd prefer to reach out to them rather than them reaching out to me though in my case.  In