It's not often wise to have all ones eggs in one basket.

I am not looking to do a 1031 unless something falls into my lap in the next month or two and am going to eat the taxes. 

I would want to see a list of applications with dates and denials.Point 2: Not much help here unless you are in a very expensive rental market.Point 3: I would need to see a copy of a letter from employer stating they had reduced hours and that was due to C-19.Point 4: If they have done anything like buy/lease a new car, take a vacation, bought a major non-essential household item like a TV, or even gone out to eat regularly at restaurants in the past year I think you would have a very good claim that they are not attempting to pay you partial payments

I know you are behind schedule (as we all are always lol) but everyone has to eat.  

I'm going to look into selling the note as well but thought I'd start with having my cake and eating it too.  

Wait at least a month to determine if there are any bad eggs.

If it sits vacant for a month and you have to eat ~$1500, or a big expense comes about putting you deep in the $(-), that might hurt.

Be an electrical contractor, make bank, than leverage a REI Rockstar to get you into good deals and learn everything possible from the REI Rockstar, free mastery education, that's what I call "how to have a cake and eat it too" plan. 

I think that the current economy system is not ideal for note investing because the interest rate will stay low because of stated low inflation but that the real rate of inflation will eat away most of the spread.

It's a very small town with nothing to do and no good places to eat.