I also heard there are 3 major projects that have failed that will cost RI tax payers around $150M in upcoming years.

That article may have been written before new tax laws were enacted that now limit people to one 60-day rollover per taxpayer per year, regardless of how many accounts you have.  

To be honest, on something that is out of the ordinary, with so many variants, you're probably going to need to talk to an appraiser and see about getting some type of an evaluation.

They will call off everybody's top five first, and then the rest are by alphabetical order, for taxpayer's last name.  

If the tax payer or property owner decides not to pay their taxes or something has happened to them then you may have to foreclose yourself or lose your investment. 

If you spend it along the way, you lose your leverage when the tenant terminates and moves out and then have to go after them for cleaning, repairs, unpaid rent, etc.Some Landlords will make the tenant responsible for the first $50 or $100 of any maintenance call, even if it's an ordinary wear-and-tear thing.

Its ordinary income and taxed at ordinary income rates.

I myself represent taxpayers before all levels of the IRS and am very successful.

Ex HOA dues, tax payments etc)*Member of professional organization such as IREM or NARPM?

In a 1031 exchange the taxpayer for the old property must be the same as the tax payer for the new property.