I'd read the HOA documents and see if they have a list of approved grasses (and is yours in that list). 

I'd hate for someone's investment work to be jeopardized just to avoid UBIT/UDFI. 

I'd love to hear about the journey and end goal of other investors - How have your goals changed?

If it's a condo rental in core/tourist areas of Miami, I'd say September would be better from our experience.

Had I listened to their advice, I'd be in a much lower tax bracket and have a much lower net worth. 

I couldn't imagine street fighter or any other arcade than Pac-Man working here.Not shown is an actual gameroom on one of the 3 units.

I don't know what your depreciation was, but let's imagine that your old basis before the 1031 was $150K. 

I’d get involved in the investor community here if you haven’t already done so.

I'd run a leveraged return calculation on your existing rentals and compare that to your current yield. depending on the cost of funds- it could really be worthwhile to use leverage wisely

If you're an accredited investor looking to diversify your portfolio with commercial real estate, I'd love to meet up and chat!