@Bryce Nerland, I second the request to share this exchange of secondary syndication positions.  

Offer your skills and knowledge in exchange for theirs. 

I've probably done 100 1031 exchanges and never failed at the timing- what was the problem? 

And  if we did a 1031 exchange later, I think I'm correct that having this cost basis established at today's market value vs 2001's cost + improvements would serve me better in the 1031.- The depreciation amount for my rental house would be maximized bc would be set at the selling price / current market value vs 2001 cost basis + improvements.

A couple of years ago I sold an LTR and 1031-exchanged it for an STR in the NC mountains.

The foreclosing entity will file a motion for relief, get it granted, and after you bought 30 days in exchange for destroying your credit, they go to sale anyway.

With that you are CHOOSING to pay the lender some money up front in exchange for a LOWER interest rate.

We’re always happy to share our experiences and learn from others in the field.Looking forward to connecting and exchanging knowledge.

@Greg Devlin - in addition to Scott's advice, have you considered a 1031 exchange to reduce your capital gains? 

Has anyone done a 1031 exchange like this?