If you don't want the property any more a 1031 is probably your best bet, unless it's got a huge capital gains capture in which case you could just take your tax lumps and collect your funds. 

From talking to locals, there's a couple of issues than need to be addressed, some are the non-ecological practices that some of those developers have, unfortunately, our government profits from this investors and allows them to destroy manglers (which are the natural water purifying system of that area) dismantling hectares of mangroves and degraded the habitat of resident and migratory species burying animals alive.There's proof of fecal material floating beneath the city of Tulum, only 20% of the water is sent to the water treatment plant, there's no infrastructure for the exponential growth.The landfills in the middle of the jungle that is leaking hazardous pollutants into the freshwater system and that something that developers won't tell you.I love my country and it would be a disaster for everybody if this place ends up like some other great beaches around the world, that are completely ruined by greedy investors not following the rules.There's no urban or comprehensive master plan, and one of the risks is that Tulum will be like Playa del Carmen is today, overgrown and with environmental devastation.I will advise doing a lot of research before getting something in Tulum, different country, different rules, and practices.

I also think it's bad practice to be $1,200 a month below market rate.

Anyone have practical experience with this that we can discuss further?

Maintain good business practices an carry a decent insurance company.

Here's the bet: - "Unemployment" is not about to shoot up.

The settl4ement was private, but I bet it was at least $400k knowing the attorney's involved, maybe more. 

@Toby Khan I’m not positive honestly, best bet would be to reach out to them.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

I bet, when you started investing,  this day seemed so far off it was silly.