Heading out to investigate the case.

@Joel OwensInstead of creating a new thread, I thought I'd continue on one already open for new information.My end goal is to be as passive as possible.

You are required to continue to make payments.

A 1031 is done for like properties, I'd have to investigate it, but raw land may not be like kind for multi-family units.You didn't mention the amount of the gain, if you're at about 500K, you might check on a charitable remainder trust taking a smaller bite now and using funds for property in the trust, if it is a forever property.....see your attorneyYou might offset the gain by seller financing long term and applying the interest as well as principal to the other debt (or not) but the gain would only apply to the % or the principal received over the term.

Our vast audience is compromised of real estate investors, agents, lenders, bankers, legislators, homeowners, renters, and other real estate professionals and service people.The site gets hundreds of thousands of unique visitors a month (currently close to 350,000), and we're continuing to grow at a great pace.

I'm typically a cash flow investor concentrating on solid CoC returns with acceptable risk so continue to generate new downpayments from within.

The town has not bitten the dust, it is doing what is necessary to reorganize so it can continue operating.

They also continue to get government grants for housing, day care centers, etc. which I find rather curious.

Some areas were not impacted much and business continues as usual while other places are becoming ghost towns and the homes are being bulldozed to keep transients out of them.

They should know, and if they hem-haw around you can stop and investigate any issue.