If you initially end up needing to raise rents I like to do them one at a time to minimize potential turnover from happening in multiple units at once.

Networking with local investors and visiting potential markets can also give you valuable insights.

The IRS has challenged simultaneous "drop and swaps," so allowing some time between these steps is advisable.You hit this right on the head with your answer with TIC.You could also potentially do a Exchange Post Distribution (Swap and Drop).

I seriously looked into purchasing a few years back in Valencia but decided ultimately the US had more potential.

@Enrique Toledo  Any update on this potential deal and what you wound up doing?

What are the next steps---BRRR seems like a good method for this- as theres potential for long term renters(near elementary and highschool)Step 1- look for a hard money loan(will they also cover construction?

Additionally, timing the sale in a lower-income year or exploring potential deductions could further reduce your tax liability.

You will go through a lot of bad potential renters before you find a good one. 

Ensure you fully understand the fees, interest rates, and any potential prepayment penalties.4.

Since your basis was incorrectly set, you may be able to deduct up to $25,000 in missed depreciation, potentially reducing your 2025 tax bill by $7,500 at a 30% tax rate.