The best bet is to ask a local landlord attorney what is and isn't allowed in your area. 

Do you want to lose your options to do a 1031 exchange on your properties? 

Your best bet at this point is to get together with an architect and see what your options are.

If you want to sell a property and keep deferring that tax by NOT recapturing the depreciation, you can do a 1031 exchange where the proceeds are held by a licensed intermediary for a short time while you identify and close on a replacement property.

I bet you will get 75% higher response to your e-mails.Would love to hear everyones thoughts on this.

There are several great ones in Dallas, but I'll bet these days most want you to have some skin in the game, so no 100% financing and also financing of renovation costs. 

That's according to The Business Journals' inaugural hottest housing markets ranking, which is based on third-quarter listing and sales data from Intercontinental Exchange Inc. 

As the other post suggests selling and investing the money till I can find a turn key property sounds like the safest bet.

Is it possible for us to form an LLC and 1031 these into one 1.5 million dollar property in Oregon so long as we abide by the timing guidelines concerning the exchange. 

Sorry to be bearer of bad news but your best bet is to just get it resolved and take it as a lesson learned