I suspect as rates continue to decrease terms will begin to improve and more buyers will re-enter the market/ be able to pull trapped equity out of their recently completed projects.

Hello @Anthony Freeman,We have completed over eighty 1031 exchanges to date, and our largest number of replacement properties in one exchange was five.

My recommendation would be speaking with a local agent/property manager who has personal experience with investing in San Diego real estate and can complete a property analysis for you to determine current value, highest and best-use, and what your options are.

Market cost vs replacement cost are two completely different things and it can sometimes be confusing. 

It sounds like you need to evaluate your property and narrow down what it would be best suited for.

Starting your journey in the US real estate market sounds like an exciting venture.Best of luck, and we're excited to see your success unfold!

Sounds good, but I did not know all of that was involved.Nice info, that helps.

As you mention above, have one or both apply and complete new leases (at or near market value). 

It sounds like you have quite an impressive background in RE. 

Currently we're at 7 doors and nearing the completion of our first $50/sq ft rehab.