You appear to be banking on appreciation, which can be a dangerous game and not something that helps a long term buy and hold investor (appreciation does not help cash flow).For me, without now much information, I would not be interested in the property for anything more than $200k, and that would assume that rents are at market rate and the property is in pretty good condition with little deferred maintenance.

I wouldn’t touch that property with a ten foot pole with that tenant presently residing. 

Those that are not Tenants on this Lease may not use the Rental Unit or Premises while you are not present.

Loan payments could be deferred by up to a year while property rents stabilized post-pandemic.

Yes, it’s possible to take take out partial cash from 1031 exchange and defer the taxes on the other proceeds/gain.

Presented the numbers along with solid comps What was the outcome?

As mentioned previously foundation issues can also be present.

Rema, a visual presentation would do wonders in the kind of feedback you will receive.

I have come across a few syndication sponsors, mainly the guys who have podcasts and looked at a few PPMs and reviewed their presentations.

David Greene did a podcast a few hours ago about this and explained how recent changes in capital gains taxes might motivate some sellers to use seller financing to defer capital gains taxes.