I ended up just eating the cost and trying to take the high road in order to conserve the friendship.

I live in wisconsin and they have passed or discussed similiar measures for shortermrentals around the Green Bay Packer stadium as well as in Oshkosh for the air venture air show.

There currently is a developer raising funds to revitalize the Portland area in the coming years just as he did with "NuLu" district so you'll likely see more and more investors eating up property while it is still dirt cheap.

Seller would like to move towards Corona around Gypsum Canyon/Green River Golf Course area.

Unless the value has increased pretty significantly these costs may eat up any gains, eliminating any tax bill.If you're not living in it and you're using it as a rental then a 1031 exchange (the thread where you originally posted) may be an option.A discussion with a knowledgeable account would be in order before making a decision about selling.

Beware of unhappy real estate agents who feel you are eating into their income, and report you to the local real estate licensing commission or board.There is often an exception for small referral fees or rent concessions paid to current tenants for referring new tenants, but that is not available in all states.

It will cash flow until a maintenance issue eats up the profit.

It feel like Little Haiti is a better bet though as there already seem to be a lot of trendy places to eat  and buzz about it as an up and coming area versus Little  Havana. 

I never used green light, I bought my properties all cash. 

Which was two days away), and I realized I could either eat or buy gas to get to school and work, but that I didn't have money for both.