I think theres a good way to strategically put it together  that maximizes your income on both scenarios.  

I have new program via a strategic alliance with major developer to provide, to best of my knowledge, first of it's kind deals in build-4-rent similar'ish type offering.

Highlight the strategic location, existing utilities, and the already correct zoning—it's a huge plus.Good luck and keep us posted! 

I would recommend you start with some strategic planning.

Aside from cashing out a portion or all of that account and taking the tax hit, does anyone have any strategic/alternative suggestions?

I was trying to keep the information as close to "high level" as possible, as many members here on BP would get a little lost if I went down the road of explaining secondary, or MI guidelines.I think we can both agree that information and knowledge is important to investors, so we can make the best strategic decisions from purchase to exit. 

If not, then you may consider passing on the deal and continue the hunt for another property that does satisfy your strategic objectives.

Knowing those things up front will definitely help you plan/strategize better.Hope you meet some cool people at the local REIA and to see you around the site more often.

I’ve found that strategically placed Signs are a great way to get you phone ringing with people that would like to dump a property.

We can then strategically decide where to redeploy sales proceeds without the 45/180 day timelines required under the 1031 rules.We also invest in real estate outside of our Roth IRAs and enjoy the traditional tax benefits and then struggle with the tension between "hold unto death" or sell and 1031 the proceeds.Bottom line is we are investing in real estate both inside and outside of our Roth IRAs.