i don’t know who the 8 people are you have asked and who all told you $180 a foot, but I do know that several of the folks who chimed in on this thread are builders who have massive experience and hands-on history, so I know who I would pay attention to.

I'll tell you from experience once you remodel a few properties you gain MASSIVE AMOUNTS OF KNOWLEDGE> and this helps you find/buy/create the next opportunity. 

There are some massive tax savings here but the IRS does not make it easy! 

But at the end of the day if it’s fiscally better to let it go I can walk away knowing I made the right decision if need be. 

The county records should reflect the upcoming valuation for the next fiscal year and are public record in virtually all places. 

I have gone over an agreement which suggest they've gotten their tenants to pay massive amounts of fees to which I wonder what the integrity is in all of this? 

If you're looking for LTRs, finding deals that cashflow without a massive downpayment is hard along the coastal towns.

Thats what I did with some land I had in Rohnert park that we had a massive gain on based on path of progress in CA.. bought for 30k in 97 and sold for little over 2 mil in 2019 .. this allow my two other partners and me to 1031 which we needed to do since we had basically a zero basis.

While it is true that the company very likely completed all of their contractually, my question is why someone (no idea who) stated that the fair market value of the asset was at or over 80k, when after only a short-hold period, in a sellers market, the property was sold at a massive loss.

Inside a retirement account, you still get all the appreciation and rental income that adds up massively over years and the returns are usually well over double digits.