Actually a great move because it will allow you recoup your original capital, or purchase another property or take a well deserved vacation without having to pay tax on the money.If you want to defer all tax you must use all of your proceeds and purchase at least as much as your net sale. 

I told the tenant the rent being late each month isn’t appreciated and the tenant proceeded to defend the reasons why the rent has been late.

Hi Damon, depending on the amount of equity in the property, severity of the repairs needed, and if you will still cash flow after doing so, refinancing and using the proceeds to repair the property and re-rent it may be an option.

Most likely you are going to have to get together with the other partners and go to court to force the sale of the property. 

If it appraises then it seems like they are more likely to proceed.

Maybe a duplex, triplex or quadplex will make better sense than a SFR..If you have appreciation in new york condo, you can 1031 the proceeds in a local transaction.

This was based on case law of lawsuits filed by both private parties and the SEC, and judicial decisions and court rulings in various district courts.To make things more concrete for private issuers, the SEC instituted “safe harbor” rules centered around Regulation D section 504, 505 and 506.

When we talk about how they treat property owners, it really comes down to landlord tenant laws and local courts.

Even if your lease contract says you can do it, that clause would never hold up in court.

This gives access to clubhouse, pools, tennis courts, etc.