.• DSTs: Seems as though returns are rather low, low transparency on opportunities (?)

BTW: most owners that have hired a PMC, don't want to speak with you, much less meet with you in person to hear a hyped-up sales pitch.Also, you want to do rental arbitrage - so, you will need to be properly licensed to manage properties you do not own as required by your state & local laws.- why would an owner want to do business with someone NOT properly licensed?

It would be a great opportunity to extend out to some real estate professionals.

I would recommend fixing it and then determining whether or not to sell based on cash flow and profit after the sale.

Speak with lenders - and consider that although they might agree they could lend to you today - they might not be able to when you need the loan.Unless the existing debt has no due-on-sale provision, there will always be a risk of the underlying loan being called.If it were to be called due:1.

DR Horton in Vegas absolutely will not give you a discount on the “sales price”.

When you go to sell, you're subject to tax on the amount of profit between your adjusted basis and sale price, not your purchase vs sale price.Recapture is not repaying the depreciation.

It would still be hard because it wouldn’t be a traditional 1031 unless the land alone is worth more than your sale.

At the time of sale, we would amend our existing mortgage to ensure the sold property is no longer collateral for that mortage. 

All the opportunity, weather, food, and culture you can ask for.