You'll want to have this planned out so that you can make the exchange occur on the correct timeline (if you go the 1031 route). 3.

The other things I pointed out also came to fruition: natural appreciation is not occurring like it was a year ago, inflation DID impact their expenses too (obviously), and the economic occupancy actual and future projections are aligned with the historics, thus not even close to their projections.

Maybe some price appreciation on property would occur and I'd have depreciation to offset rental income and such.

You guys need to remember, that the tokenization of real world assets is going to occur across all privately held asset classes. 

I want to ensure that each property is protected from lawsuits that could occur on other properties.

Depreciation recapture occurs on the sale of the property.

For instances if there's a leak that were to occur within your unit while vacant, I do not beleive the master policy will cover this.

They are more of a referral source so naturally they can't control some of the things that occur after the transaction. 

Moving foward: 1) Enter into month-to-month leases instead of yearly (term) - they are the SAME to YOU but month-to-month give you all the leverage should this occur again in the future. 2) You should add a clause to elaborate on and expand on the current 'Noise/Waste' clause and the new clause should focus mostly on nuiscance and violation of other Tenant's quiet enjoyment and the remedies (fines) leading up to eviction if the issue is not corrected. 3) You should add a clause to protect yourself from the other Tenants (the good Tenants) ensuring to clearly spell out that you are not resposible nor do you guarantee that other Tenants will abide by the lease nor is it your respobility to enforce the lease vs. other Tenants, nor do you guarantee safety. 4) This is the most imporant one that will fix most of your issues: Because you are adding #3, you will now add yet another clause that gives ALL Tenants the right to enforce the lease in regards to your new 'Noise/Waste clause 2'  against any other Tenant who violates it and will idemnify you and hold you harmless, ensure to limit the right to only the pertinent clauses ---- essentially, if Tenant A complains to you that Tenant B is making funny faces at them... you can inform and remind Tenant A (in writing) that if the issue is a problem they have the right to pursue legal action vs.

Since real estate is an “imperfect” market, almost unbelievable transactions have occurred whereby the buyer obtained ownership of quality properties at below market prices with low interest seller financed loans and no money down.